Coinciding with the sharp decline in the cryptocurrency market with rising interest rates around the world, JPMorgan CEO Jamie Dimon has strongly criticized these currencies, describing them as a “fraudulent scheme similar to a Ponzi scheme”.
In his testimony before the United States Congress, Damon said he was a major skeptic ofCryptocurrenciesHowever, he felt that stable cryptocurrencies that are pegged to the dollar or real currencies are not a problem.
A Ponzi scheme is a scam that involves paying returns to existing investors from the money injected by new investors.
Today, Thursday, the price of Bitcoin fell below $ 19,000.
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