cnbc.com - 6 days ago
John McAfee challenges Jamie Dimon's bitcoin skepticism
John McAfee on Wednesday challenged JPMorgan CEO Jamie Dimon's skepticism of bitcoin.
Dimon on Tuesday called bitcoin a "fraud" that will eventually blow up. McAfee, whose company MGT Capital Investments mines the cryptocurrency, said he respects Dimon and people in his position "are not idiots," but he challenged Dimon's criticism. "You called bitcoin a fraud," McAfee told CNBC's "Fast Money" on Wednesday. "I'm a bitcoin miner. We create bitcoins. It costs over $1,000 per coin to create a bitcoin. What does it cost to create a U.S. dollar?
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