News > JP Morgan CEO Dimon slams crypto tokens as ‘decentralised Ponzi schemes’

JP Morgan CEO Dimon slams crypto tokens as ‘decentralised Ponzi schemes’

Jamie Dimon didn’t mince words when a US lawmaker mentioned the executive’s history of criticizing cryptocurrencies.

“I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin,” the JPMorgan Chase & Co. chief executive officer said in congressional testimony Wednesday. “They are decentralized Ponzi schemes.”