The CEO of JPMorgan, Jamie Dimon, who has questioned the true value of Bitcoin (BTC) in the financial sector, recently claimed that the biggest cryptocurrency on the market is a 'decentralized Ponzi scheme'.
Recently, Dimon said that Bitcoin has no value and compared it to a “pet rock”. Highlighting its position in relation to Bitcoin, in a interview told Bloomberg on April 18, the executive labeled the largest cryptocurrency on the market as a “decentralized Ponzi scheme”.
With his high disbelief related to the legitimacy of BTC, Dimon emphasized that the crypto has no value and, therefore, should be discarded as currency.
“If you mean crypto like Bitcoin, I have always said it is a scam. If they think there is a currency, there is no hope for it. It’s a Ponzi scheme, it’s a decentralized public Ponzi scheme,” he stated.
However, even with his skeptical view regarding Bitcoin, the JPMorgan CEO ended up recognizing the potential value of some aspects of cryptocurrency technology, especially the blockchain.
“If it’s a cryptocurrency that can do something like a smart contract that has value. There will be smart contracts and blockchain work. So to the extent that cryptography accesses certain things on the blockchain, that could have some value,” he added.
It is worth remembering that, recently, Robert Kiyosaki, the mind behind the influential book “Rich Dad, Poor Dad”, shared his optimistic perspective on the future of Bitcoin, despite admitting that the cryptocurrency presents inherent risks, similar to those of a Ponzi scheme.
Through a series of posts on platform networks, to justify their position.
At the time of publication, the Bitcoin price it was quoted at US$65.219,09 with an increase of 4.9% in the last 24 hours.
