JPMorgan CEO Jamie Dimon is still one of the fiercest threats to Bitcoin. Dimon calls it a fraud and not a real currency. During a recent interview on Bloomberg TV, Dimon confessed that he was skeptical about the legitimacy and functionality of cryptocurrencies such as Bitcoin. He stressed his view that Bitcoin is not a true coin and compared it with a Ponzi scheme. This firm position is in deliberate contrast with the huge price swings of the crypto over the years.
There is a long history of Jamie Dimon making negative statements about Bitcoin, which is always associated with many illicit activities. He pointed out that Bitcoin could enable such crimes as money laundering, tax evasion, and even terrorist funding because of its anonymity and lack of regulation. This persistent skepticism is opposite to the increasing interest of the financial market in digital currencies.
Jamie Dimon Critical of Volatile Bitcoin Market
Although Jamie Dimon is critical of Bitcoin, its market price has b
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