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Can this Brooklyn-built app predict the price of Bitcoin?

Ahh those sweet, sweet bitcoins. (Photo by Flickr user Antana, used under a Creative Commons license)

Greenpoint dev David Roma thinks Bitcoin prices are based on public opinion, so he built a tool to measure it.

Cryptocurrencies Bitcoin and Ether crashed in value last week after JPMorgan Chase CEO Jamie Dimon spoke critically of them at a conference televised by CNBC.

Specifically he said cryptocurrencies are a “fraud,” are “worse than tulip bulbs,” and that he would fire any JPMorgan Chase employee trading Bitcoin “because they are stupid.”

Prices for ETH and BTC fell by up to 26 percent in the days that followed.

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