Jamie Dimon Joins Resistance Of Bitcoin Skeptics

Jamie Dimon isn’t the only one to question bitcoin. On the day the outspoken JPMorgan chief told the world bitcoin was a “fraud,” a Bank of America Merrill Lynch Global Fund Manager Survey shows that large asset managers were also giving the cryptocurrency with a side eye calling it the most crowded trade. The survey pointed to numerous topics of the day, such as what fund managers view as a market mis-perception around volatility and the British pound. The most significant tail risk, which has been a roller coaster of topics throughout the year, is now focused on a common concern out of Asia.

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Bitcoin is the most crowded...

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