JPMorgan chief calls crypto a ‘decentralised Ponzi scheme’

While Dimon’s views on crypto are not new, it is controversial considering that JP Morgan launched their own digital currency JPM Coin in 2019, which was trialed in Bahrain earlier this year and are active in pursuing Blockchain technology.

In 2017, Dimon stated that cryptocurrency was a “fraud” that is “not a real thing, eventually it will be closed.”