Jamie Dimon, the CEO of JP Morgan, lately affirmed
his longstanding stance in opposition to Bitcoin. In a current interview with Bloomberg
TV, the CEO of JP Morgan labeled the main digital asset a
“fraud” and a “Ponzi Scheme.” In response to Dimon, Bitcoin lacks the basic
qualities essential to operate as a foreign money.
Dimon Labels Bitcoin a “Ponzi Scheme”
“Crypto, when you imply crypto like Bitcoin, I’ve
at all times mentioned it is a fraud. In the event that they suppose there’s a foreign money, there is no hope for
it. It is a Ponzi scheme, it is a public decentralized,” Dimon talked about. He dismissed it as a speculative
asset, emphasizing his perception that those that view it as a reliable type of
cash are misguided.
Regardless of acknowledging Bitcoin’s function inside trendy
monetary markets, Dimon doesn’t consider that the token has the potential to
operate as a foreign money. This newest assertion by Dimon is constant together with his
earlier feedback in opposition to Bitcoin.
All through the years, he has constantly expressed
skepticism in regards to the cryptocurrency, citing issues over its volatility and
lack of regulation. Regardless of the rising acceptance of Bitcoin by mainstream
establishments, Dimon’s stance has not modified.
This text was written by Jared Kirui at www.financemagnates.com.
