- The Wall Street Journal – Why James Dimon and Larry Fink Aren’t Buying Bitcoin
Two of the top executives on Wall Street criticized the digital currency bitcoin Friday, with J.P. Morgan Chase & Co. Chief Executive James Dimon giving a lengthy rant on the topic. He was joined briefly by Laurence Fink, chief executive of Blackrock Inc. - The Financial Times – Dimon and Fink unite on need to ‘crush’ bitcoin
Wall Street power duo hit out at virtual currency as being only valuable to criminalsGovernments around the world will “crush” bitcoin before long, according to two of the most powerful men on Wall Street, who argue that the only real value in the fast-rising virtual currency is as a tool for criminals and money launderers. At a conference in Washington on Friday afternoon, Jamie Dimon, the chairman and chief executive of JPMorgan Chase, noted recent moves to curb the circulation of bitcoin in China and an initiative in Japan to launch an electronic currency pegged to the yen. These were signs of authorities getting a proper grip on virtual currencies, he said, because “they like to know where the money is, who has it, and what you’re doing with it”.
- Bloomberg.com – Jamie Dimon Said He Wouldn’t Talk About Bitcoin Anymore. That Lasted One Day