JP Morgan Chase CEO Jamie Dimon called bitcoin a “hyped up fraud” that is akin to owning “a pet rock” during CNBC’s “Squawk Box” on Thursday.
The panel were discussing Goldman Sachs before co-host Andrew Ross Sorkin brought up Bitcoin. “We pretty much always have some crypto conversation with you. I’m just curious because I don’t think we’ve talked to you since — ” Sorkin said.
“I think all that’s been a waste of time and why you guys waste any breath on it it’s totally beyond me,” Dimon said.
“Because you just think the whole thing just is — ” Sorkin pressed.
“Going to zero?” co-host Joe Kernen asked.
“Going to go to zero and is fake?” Sorkin chimed in.