BITCOIN IS A FRAUD SAID JPMORGAN CEO JAMIE DIMON.
JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors to steer clear of the cryptocurrency, also expressed that he doesn’t want to tell anyone what to do. “It’s a free country,” he emphasized.
Jamie Dimon Remains Anti-Bitcoin
The chief executive of JPMorgan Chase, Jamie Dimon, has not changed his mind about bitcoin. The executive still insists that the cryptocurrency is a fraud. In an interview with Bloomberg, aired on Wednesday, he said: Crypto like bitcoin, I’ve always said it’s a fraud.
When asked whether there is hope for crypto, Dimon replied: “If they think they are a currency, there’s no hope for it. It’s a Ponzi scheme.”
