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JPMorgan's Dimon says bitcoin trading 'is a fraud'

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JPMorgan's Dimon says bitcoin trading 'is a fraud'

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NEW YORK (Reuters) – Bitcoin trading “is a fraud” and will blow up, Jamie Dimon, chief executive officer of JPMorgan Chase & Co <JPM.N> said on Tuesday. Speaking at an investor conference in New York, Dimon also said JPMorgan’s third-quarter trading revenue will down about 20 percent from a year earlier, in line with analysts’ expectations.

(Reporting by David Henry in New York)
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