After comparing Bitcoin (BTC) to a “Ponzi scheme” earlier this year, Jamie Dimon, the CEO of JP Morgan Chase, has continued to voice his distaste for the flagship cryptocurrency & other digital assets. Jamie, an outspoken opponent of Bitcoin, has labeled the cryptocurrency a variety of derogatory adjectives, including a ponzi, pet rock and, most recently — a “hyped-up fraud”.
JP Morgan CEO Slams Bitcoin (BTC)
On the 19th of January, Dimon appeared on the CNBC show Squawk Box, where he was questioned about his current position on cryptocurrencies. In response, he asked the other members of the panel why they “spend any breath” discussing the topic before taking a shot at the world’s first cryptocurrency by saying, “Bitcoin itself is a hyped-up fake, a pet rock.”
But while he was extolling the virtues of blockchain and ledger technologies that JPMorgan internally uses and believes to be harnessed for future money transfers, he casts doubt on whether Bitcoin is a s
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