Bitcoin is a scam

Friday, January 20, 2023, 2:54 p.m

In short

JPMorgan CEO Daniel Pinto called the Bitcoin cryptocurrency a “fraud.”

Pinto said this during his speech at the “Davos Forum” held in Switzerland from January 16 to 20, 2023.

Pinto explained: “Cryptocurrencies are different from Blockchain technology, which is a technical system for transferring data and used for money transfers, and this is the book we believe will be published.”


And the head of the bank “JP Morgan” considered all cryptocurrencies a “Ponzi scheme” (a form of fraud that attracts new investors and pays their money to previous investors).

Daniel Pinto expressed that he was not surprised by the collapse of the FTX currency, recalling that he had previously described the currency as a “decentralized Ponzi scheme”, pointing out that “encryption itself does nothing”.

” title=”JPMorgan’s Jamie Dimon: Bitcoin is a ‘sizzling scam'” width=”640″>

Source: JPMorgan CEO: Bitcoin is a scam


Post a Comment

Previous Post Next Post