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Headline : JP Morgan CEO describes Bitcoin as Ponzi scheme

Read more from the original article on here at nairametrics.com.





Tags : #jp #morgan #ceo #describes #bitcoin #ponzi #scheme


No. of Paragraph 24

Jamie Dimon, Chief Executive Officer (CEO) of a global banking giant, JP Morgan Chase, has referred to Bitcoin as a Ponzi scheme.

This has sparked controversies in the crypto and financial world.

According to BeinCrypto, the recent comment by the banking executive reiterated his long-standing criticism and skepticism of cryptocurrencies like Bitcoin.

Dimon’s criticism and campaign against Bitcoin stem from his belief that Bitcoin lacks intrinsic value. Therefore, he postulates that Bitcoin cannot act as a viable currency.

Read more from the original article on here at nairametrics.com.


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