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Published

2 weeks ago

April 24, 2024

Stephen Douglas

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JPMorgan Boss Again Calls Crypto a Ponzi Scheme

He often states the real use cases for cryptocurrencies are sex trafficking, tax evasion, money laundering, and terrorism financing. During the Senate hearing, he said if he were the government, he would shut down cryptocurrencies.

“My personal advice is don't get involved. But I don't want to tell anyone what to do. “This is a free country,” he explained.

While maintaining his anti-bitcoin stance, Dimon recognizes his clients' interest in cryptocurrencies and supports their freedom to invest. Its investment bank is an authorized participant for Blackrock's bitcoin exchange-traded fund (ETF), Ishares Bitcoin Trust (IBIT).

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JPMorgan Boss Again Calls Crypto a Ponzi Scheme

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