JPMorgan CEO Calls Bitcoin a 'Ponzi Scheme' With No Value
In a rather surprising statement from the executive, JPMorgan Chase CEO Jamie Dimon recently called Bitcoin a “Ponzi scheme,” while sharing his belief that the asset has “no intrinsic value” in a CBS interview. Indeed, Dimon’s recent statements came as BTC has fallen below $90,000 in a rather surprising drop. Dimon has long been a critic of the value of Bitcoin specifically. Although he has also reassured his belief in cryptocurrencies as a concept, he has not shared the same faith in BTC, calling the project nothing more than a “pet rock.” JUST IN: JPMorgan Chase CEO Jamie Dimon says Bitcoin is "a Ponzi scheme" that "has no intrinsic value." — Watcher.Guru (@WatcherGuru) January 13, 2025 Also Read: JPMorgan CEO Warns of US Economic Crisis as BRICS Power Grows JPMorgan CEO Blasts Bitcoin, Calls BTC a “Ponzi Scheme” It has certainly been a monumental twelve months for the cryptocurrency market. Not only has the asset class thrived, bu...