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WASHINGTON, Sept. 12 (Xinhua) -- JP Morgan Chase CEO Jamie Dimon slammed bitcoin on Tuesday cheap golden goose deluxe brand , saying the digital currency is "a fraud" that will eventually blow up.
Addressing the Delivering Alpha conference presented by CNBC and Institutional Investor, Dimon called bitcoin "a fraud." "It's just not a real thing, eventually it will be closed," he added.
In a separate conference earlier Tuesday, Dimon said bitcoin mania is reminiscent of the tulip bulb craze in the 17th century.
"It's worse than tulip bulbs. It won't end well. Someone is going to get killed cheap nike air max 97 vapormax ," he said.
Dimon said he would not allow JP Morgan traders to trade bitcoin, noting that "it's against our rules and they are stupid."
The bitcoin fell after Dimon's comments. It traded at around 4,174 U.S. dollars as of 5 p.m. on Tuesday.
The price of Bitcoin has soared by 330 percent so far this year. Some analysts even see the price surging to 6,000 dollars next year.
According to a recent survey by Bank of America Merrill Lynch, bitcoin is now considered as the "most crowed trade cheap nike air max 97 ultra' 17 ," meaning investors believe there are too many people on the buying side and it could result in a bubble burst.
Chinese authorities last week ordered a ban on Initial Coin Offerings, a nascent form of fundraising in which technology start-ups issue their own digital coins, such as bitcoin, to investors to access funds as the rapidly expanding market spawned concerns over financial risks.
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KANDAHAR, Afghanistan, Sept. 12 (Xinhua) -- Personnel of Afghan intelligence agency have busted a five-member terror group in the country's southern province of Kandahar, the provincial governor office said Tuesday.
"Personnel of National Directorate for Security (NDS) have busted a terrorist group and captured its members during separate operations in Kandahar city and surrounding areas," it said in a statement.
The NDS is the country's primary intelligence service.
The arrested terrorists were allegedly involved in a series of targeted killings against government employees cheap nike air max 270 flyknit , members of security forces and tribal elders in Kandahar as well as Shah Wali Kot, Zhary, Maywand, Khakriz and Arghistan districts, the statement added.
Security situation has been improving in Kandahar cheap nike air max 270 , the former stronghold of Taliban, over the last months, as security forces have conducted search and cordon operations across the province, 450 km south of Kabul.
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