#JUST IN: JPMorgan CEO Jamie Dimon says #Bitcoin is a fraud and a ponzi scheme.
JPMorgan is an authorized participant for BlackRock's Spot Bitcoin ETF.
JPMorgan CEO Jamie Dimon has consistently criticized Bitcoin and cryptocurrencies, labeling them as "decentralized Ponzi schemes," "fraud," "hyped-up fraud," and "worthless." Despite his personal views, JPMorgan is an authorized participant for BlackRock's Spot Bitcoin ETF, which shows a disconnect between his personal opinions and the bank's business strategy. This inconsistency raises questions about the bank's commitment to cryptocurrencies and its role in the rapidly evolving digital asset market.