WASHINGTON Cheap Tony Sanchez Jersey , Sept. 12 (Xinhua) -- JP Morgan Chase CEO Jamie Dimon slammed bitcoin on Tuesday, saying the digital currency is "a fraud" that will eventually blow up.
Addressing the Delivering Alpha conference presented by CNBC and Institutional Investor, Dimon called bitcoin "a fraud." "It's just not a real thing, eventually it will be closed," he added.
In a separate conference earlier Tuesday, Dimon said bitcoin mania is reminiscent of the tulip bulb craze in the 17th century.
"It's worse than tulip bulbs. It won't end well. Someone is going to get killed Cheap Devin Mesoraco Jersey ," he said.
Dimon said he would not allow JP Morgan traders to trade bitcoin, noting that "it's against our rules and they are stupid."
The bitcoin fell after Dimon's comments. It traded at around 4,174 U.S. dollars as of 5 p.m. on Tuesday.
The price of Bitcoin has soared by 330 percent so far this year. Some analysts even see the price surging to 6,000 dollars next year.
According to a recent survey by Bank of America Merrill Lynch, bitcoin is now considered as the "most crowed trade," meaning investors believe there are too many people on the buying side and it could result in a bubble burst.
Chinese authorities last week ordered a ban on Initial Coin Offerings Cheap Homer Bailey Jersey , a nascent form of fundraising in which technology start-ups issue their own digital coins, such as bitcoin, to investors to access funds as the rapidly expanding market spawned concerns over financial risks.
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Tribute in Light, One World Trade Center seen on 911 anniv.
Newly-unveiled Mercedes-Benz Concept EQA car displayed in Germany
China, Pakistan air forces hold joint training exercises
Pic story: Chinese grape and wine expert
Farmers busy with farm work around Bailu across China
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KANDAHAR, Afghanistan Cheap Brandon Finnegan Jersey , Sept. 12 (Xinhua) -- Personnel of Afghan intelligence agency have busted a five-member terror group in the country's southern province of Kandahar, the provincial governor office said Tuesday.
"Personnel of National Directorate for Security (NDS) have busted a terrorist group and captured its members during separate operations in Kandahar city and surrounding areas," it said in a statement.
The NDS is the country's primary intelligence service.
The arrested terrorists were allegedly involved in a series of targeted killings against government employees, members of security forces and tribal elders in Kandahar as well as Shah Wali Kot, Zhary, Maywand Cheap Adam Duvall Jersey , Khakriz and Arghistan districts, the statement added.
Security situation has been improving in Kandahar, the former stronghold of Taliban, over the last months, as security forces have conducted search and cordon operations across the province, 450 km south of Kabul.
Photo exhibition on human rights progress in China held in Geneva
16th anniv. of Sept. 11 terror attacks marked in Washington D.C.
China, Pakistan air forces hold joint training exercises
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Rural children take free lunch in SW China's Guizhou
BEIJING, Aug.13 (Xinhuanet) -- At the 5th China Powerboat League in Danjiangkou, Hubei province, the Grand Prix concluded Tuesday with 17 teams competing in races across four categories. The Qingdao Motorboat Team was dominant, winning three times.
Launched in 2011 Cheap Cliff Pennington Jersey , the China Power League has now become the sports top professional competition in the country in terms of prestige and participation.
The Qingdao Team finished the tournament in high spirits, winning
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