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Bitcoin is trading down Tuesday afternoon after one of the most powerful men on Wall Street- said the red-hot cryptocurrency is in a bubble worse than any other in history.-

Jamie Dimon, the CEO of JPMorgan, called bitcoin "a fraud" and "worse than the tulip bulbs" bubble of the 1700s while speaking at the Barclays Financial Services Conference.-

Bitcoin- is down over $100 since Dimon made his comments, trading lower by 2% at $4,140 a coin. Still, it"s up over 350% this year.

Dimon also said that he would fire any trader using the cryptocurrency at the bank for being stupid, according to Bloomberg.-


SEE ALSO:- JAMIE DIMON: Bitcoin is a fraud that"s "worse than tulip bulbs"

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