Bitcoin News - Dimon has expressed his skepticism around the BTC supply ceiling of 21 million.
- However, the JPMorgan Chief executive officer is positive about blockchain.
JPMorgan Chase Chief executive officer Jamie Dimon expressed his doubts about bitcoin once more within an interview with CNBC on Thursday. The JPMorgan executive stated, “Bitcoin is a hyped-up fraud. It’s a dog rock.”
Dimon around the recent FTX fall mentioned:
“I’m not amazed at all. I give them a call a decentralized Ponzi plan. The hype for this factor continues to be remarkable.”
Positive About Blockchain
Dimon has expressed his skepticism around the BTC supply ceiling of 21 million, implying that bitcoin’s pseudonymous founder Satoshi Nakamoto may unilaterally lift the cap.
The Chief executive officer mentioned:
“How are you aware it’s likely to visit 21 million? Maybe it’s getting to 21 million and Satoshi’s picture will show up and laugh to you all … by then Satoshi might have removed vast amounts of dollars.”
As the JPMorgan Chief executive officer is positive about blockchain, he was quick to indicate that “Crypto itself doesn’t do anything whatsoever. It’s a dog rock.” Furthermore, later, he informed the press source, “I don’t worry about bitcoin therefore we should drop this subject.” Dimon has cast doubt around the scarcity of bitcoin.
Different color leaves, he stated in October 2021:
“How are you aware it ends at 21 million? All of you browse the algorithms? Everyone all think that? I do not know, I’ve been a sceptic of things like that.”
In December of this past year, he compared cryptocurrency tokens to pet rocks. Also, he spoke in September before Congress and known as bitcoin along with other cryptocurrencies “decentralized Ponzi schemes.”
