Jamie Dimon said Bitcoin is a terrible store of money and going forward the virtual currency would face major regulatory challenges. JPMorgan Chase & Co. (NYSE:JPM) chief Jamie Dimon believes Bitcoin’s standing as a currency will eventually end. Terrible store of money Speaking at the World Economic Forum in Davos, JPMorgan Chase & Co. (NYSE:JPM) said Bitcoin is a ‘terrible store of money’ and questioned its legal status over allegations that it is used to fund illegal activities. He felt it doesn’t have the standing of a government and felt a lot of it is being used for illicit purposes. Interestingly,…
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