JPMorgan CEO Slams Crypto Again, Calls Bitcoin Decentralized Ponzi Scheme’

Jamie Dimon – Chief Executive Officer of JPMorgan Chase & Co. – reiterated his negative stance on the crypto industry, describing bitcoin and other digital assets as “decentralized Ponzi schemes.”. Recently, it vowed to continue offering such options even though the bear market has diminished some of the investors’ excitement in the field. JPMorgan’s top executive is known as one of the biggest critics of the cryptocurrency sector, particularly bitcoin. Over the years, he has labeled the asset “worthless” and has warned investors to stay away from it. While there’ve been many similar accusations from prominent figures, especially from the banking sector, the evidence still points to other directions. Multiple banks are being sanctioned for involvement in money laundering on a massive scale.