Jaime Dimon, the JPMorgan CEO deemed Bitcoin & other crypto “decentralized Ponzi schemes” while testifying before the House Financial Services Committee.
Testifying in from of the House, he stated:
“I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin. They are decentralized Ponzi schemes.”
Adding:
“When it comes to crypto as a payment method, we saw a lot of demand from our clients, let’s say up until six months ago. We see very little right now.”