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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?
14 Sep 2017, 08:26 AM IST 
Stacks of bitcoins sit near green lights on a data cable terminal inside a communications room at an office in this arranged photograph in London. (Photographer: Chris Ratcliffe/Bloomberg)
(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.
To contact the reporter on this story: Dave Liedtka in New York at dliedtka@bloomberg.net.
To contact the editors responsible for this story: Dave Liedtka at dliedtka@bloomberg.net, Jeremy Herron at jherron8@bloomberg.net, Randall Jensen