The JP Morgan CEO revisits some of his classic digs, calling BTC a “decentralized Ponzi scheme.”
JPMorgan Chase CEO Jamie Dimon reiterated his strong skepticism toward Bitcoin on April 18, calling it a “fraud” and a “Ponzi scheme” despite the lender's involvement in BlackRock's spot BTC exchange-traded fund (ETF).
JPMorgan CEO Jamie Dimon reiterates his criticism of Bitcoin, labeling it a “scam” and dismissing its viability as a currency.
JPMorgan CEO Jamie Dimon is still one of the fiercest threats to Bitcoin. Dimon calls it a fraud and not a real currency.
Bitcoin is a scam and fails as a currency, Jamie Dimon said. "If you mean crypto like bitcoin, I've always said it's a fraud," the JPMorgan CEO told Bloomberg TV on Wednesday. "If they think they're a currency, there's no hope for it. It's a Ponzi scheme," he added.
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