The Real Reason Jamie Dimon Hates Bitcoin

JPMorgan Chase & Co. CEO Jamie Dimon has made extraordinarily harsh statements about Bitcoin lately.

He's denounced the cryptocurrency as a "novelty" doomed to collapse. And he's not alone. Several other Wall Street moguls have publicly attacked Bitcoin and other cryptocurrencies in recent weeks.

But these "warnings" aren't for the benefit of investors. They serve a more devious purpose.

Here's why Wall Street can't stop trashing Bitcoin...

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