- JPMorgan Chase CEO Jamie Dimon said in a U.S. congressional hearing that crypto tokens, like bitcoin, are “decentralized Ponzi schemes”.
- A longtime bitcoin skeptic, Dimon has warned investors on several occasions to be careful about investing in cryptocurrencies, cautioning that they have no intrinsic value.
- JPMorgan’s analysts are also more bullish about bitcoin and cryptocurrency than the bank’s CEO.
JPMorgan CEO Jamie Dimon Tells Congress Crypto Tokens Like Bitcoin Are ‘Decentralized Ponzi Schemes’
