Jamie Dimon, CEO of JPMorgan, captures the media’s attention and dominates news headlines all over the world each time he rants about Bitcoin. First he called it a fraud last month, and on Friday he even added: “If you’re stupid enough to buy it, you’ll pay the price for it one day.”
Today, in a brilliant PR move, Ilan Tzorya revealed that he is considering suing the JPMorgan CEO for these remarks. Tzorya is the founder of Krypton Capital, an early-stage venture firm that works with Blockchain ventures.
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He told Finance Magnates: “Dimon’s attack against the community of cryptocurrency investors is completely uncalled for, and meanwhile Bitcoin has only risen in value since he made his remarks.”
Tzorya says that he is planning an ICO campaign to raise funds for the potential class action suit, and will proceed as soon as he gets the go-ahead from his lawyers.
Considering the sheer amount of money and manpower JPMorgan can put into squashing such a case, it is not very likely to be an easy battle – besides the fact that Dimon probably has a right to share his opinion on the matter.