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JPMorgan boss Jamie Dimon calls bitcoin and other crypto tokens ‘decentralised Ponzi schemes’
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Jamie Dimon hasn’t relented in his rhetoric against cryptocurrencies, calling bitcoin and other digital tokens little more than “decentralised Ponzi schemes” in testimony before Congress.
“I’m a major sceptic on crypto tokens … like bitcoin,” Dimon said on 21 September, speaking at a House Financial Services Committee meeting with the leaders of other major banks. “They are decentralised Ponzi schemes, and the notion that it’s good for anybody is unbelievable.”
“It’s...
Read more on fnlondon.comAbout this in other media
Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges cointelegraph.com /1 year ago
There's no crypto winter on Portugal's 'Bitcoin Beach' economictimes.indiatimes.com /1 year ago
JPMorgan's CEO feels threatened by disruption in payment systems: Kevin O'Leary cointelegraph.com /1 year ago
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