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  John McAfee and Alex Gurevich criticize JPMorgan CEO Jamie Dimon | Bit Updates
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John McAfee and Alex Gurevich criticize JPMorgan CEO Jamie Dimon

Thursday, September 14th, 2017 | bitcoin updates

John McAfee and Alex Gurevich have publicly criticized JPMorgan CEO Jamie Dimon for his statements regarding Bitcoin. This Bitcoin had previously declared as fraud.

Jamie Dimon, the CEO of the investment bank JPMorgan, had referred to Bitcoin as a "fraud" – and, as a matter of fact, all other blocks based on the blockchain – at the beginning of the week, which can be translated as fraud or high stapling. Thus, he had triggered a collective price drop on the Krypo stock exchanges, which is still persistent at the moment, and also attracted the wrath of the global crypto community.
Now, several sizes of the industry have been contradicting the media. John McAfee, the founder of the computer security software and hardware manufacturer named after him, reported to the American TV channel CNBC. In this, he directly addressed Dimon, whom he criticized, and told him that he respected him and did not consider him an idiot. However, he disagrees Dimon decisively and states that Bitcoin is actively created by the mining process, which costs more than 1,000 US dollars per bitcoin. In contrast, a US dollar would only cost – negligible – printing and paper. This leaves him in doubt as to which of the two currencies is the true deception, since the bitcoin, in contrast to the US dollar, is covered by the "proof-of-work".
McAfee, Alex Gurevich, CIO at HonTe Investments, said on Twitter that McAfee was not quite as detailed as it was pointed out. He also turned to Dimon personally and attested to him being a great boss and the "best banking CEO of all time". However, Dimon is neither a trader nor a tech entrepreneur and is therefore supposed to "hold the eye" with regard to BTC trading. So Gurevich chooses much tougher direct words than McAfee. It is particularly piquant that Gurevich had been a Head of Global Macro Trading at JPMorgan not so long ago.

About Tobias SchmidtTobias has been working as an editor in the team of BTC-ECHO since August 2017.View all posts by Tobias Schmidt

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