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Bitcoin’s Rough Week Is Trivial in Wake of Record Rally: Chart

JP Morgan’s executives are giving a tough time to Bitcoin. But the does it make too much of a difference? 

Dave Liedtka

(Bloomberg) -- Jamie Dimon didn’t hold back Tuesday when he characterized bitcoin as a “fraud” that “won’t end well.” Those comments are capping what is shaping up to be a rough week for the cryptocurrency after Chinese regulators moved to crack down on its domestic use. But keep in mind that while the price is off about 13 percent over three days, it’s still up more than fourfold this year.

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