The cryptocurrency community as a whole directed criticism and scorn towards the opinions of Jamie Dimon calling bitcoin a “fraud” in a conference in a New York. Bitcoin price did drop for a few percentages at that particular time but it could be of many reasons.
On the other side John McAfee targeted Dimon in a somewhat personal address saying that the real fraud title should be given to the uncontrolled fiat currency printing.
“It costs over $1,000 to create each Bitcoin. What does it cost to create a US dollar? Which one’s the fraud?” he asked.
CEO of Leverj – Bharath Rao, added that virtual currencies will still return good to those early adopters that even in 2017 is countable.
“The ones who have the vision and courage to step in and shape the future will be handsomely rewarded and those who shudder and fear this unstoppable force are choosing to be obsolete with their archaic systems,” he forecast.
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