Entertainment: The boss of JP Morgan qualifies the cryptos "Ponzi systems"

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Le patron de JP Morgan qualifie les cryptos de © Michael WUENSCH/PIXABAY The boss of JP Morgan qualifies the cryptos of "Ponzi systems" Jamie Dimon expressed his skepticism, Wednesday, September 21 , before the congress, while the American authorities intensify their efforts to draw up regulations on cryptocurrencies.

The boss of JP Morgan is clearly not a fan of the cryptocurrencies . Wednesday, September 21, during a testimony to the American Congress, Jamie Dimon expressed his skepticism with their words, not hesitating to compare them to "Ponzi systems", reports Bloomberg. "I am a big skeptic concerning cryptographic tokens, which you call currency, like Bitcoin. These are decentralized ponzi systems," he said, while the authorities are currently working on the introduction of 'Legislation.

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On the other hand, according to the CEO of JPMorgan Chase & Co, the stablecoins - digital active ingredients linked to the value of the US dollar or other currencies - would not pose a problem with appropriate regulations, he said, while JPMorgan is active in the Blockchain . Indeed, the Bank uses its own blockchain and its personalized token, the JPM Coin, to conclude intrajournal buyout agreements, which allows other financial institutions to contract short -term loans by benefiting better guarantees. JPMorgan was also the first bank of Wall Street to embark on the metavese last February.

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This is not the first time that Jamie Dimon has tackled cryptocurrencies. As Bloomberg reminds us, he had already qualified the bitcoin "fraud" in the past before finally returning to his words. A few months ago, the boss of JP Morgan also said that according to him, the cryptocurrencies were worth nothing, but that he would follow the customers. More recently, the leader nevertheless recognized that decentralized finance was very "real".

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Jamie Dimon is not the first to share his skepticism concerning cryptocurrencies. Last May, Bill Gates said on Reddit that he had no digital currency. "I like to invest in things that have value. The value of companies is based on how they make excellent products. The value of the crypto is just based on what a person decides how much another person will pay for that, "said the billionaire.

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