News Explorer — JP Morgan CEO Jamie Dimon Still Says Bitcoin Is a Fraud But Sees Value in Blockchain and Smart Contracts

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Apr 18, 6:50 pm

Decrypt

JP Morgan CEO Jamie Dimon Still Says Bitcoin Is a Fraud But Sees Value in Blockchain and Smart Contracts

Jamie Dimon, CEO of JP Morgan, reiterated his stance that Bitcoin is a fraud in an interview with Bloomberg. He called it a "public decentralized Ponzi scheme" but acknowledged the value of blockchain and smart contracts. Despite his criticism, JP Morgan is involved in Bitcoin ETFs and an analyst from the firm has expressed optimism about Ethereum's future.

Jamie Dimon, CEO of JP Morgan, reiterated his stance that Bitcoin is a fraud in an interview with Bloomberg. He called it a "public decentralized Ponzi scheme" but acknowledged the value of blockchain and smart contracts. Despite his criticism, JP Morgan is involved in Bitcoin ETFs and an analyst from the firm has expressed optimism about Ethereum's future.

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