Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Jamie Dimon
JP Morgan CEO Calls Bitcoin a Decentralized Ponzi Scheme
Jamie Dimon – CEO of JP Morgan Chase – had more unkind words for the digital asset market on Wednesday. The bank executive called cryptocurrencies such as Bitcoin “decentralized ponzi schemes,” and suggested that they aren’t currencies at all. Banker VS Bitcoin During congressional testimony, the CEO reiterated his historically anti-crypto stance after it was mentioned by a lawmaker. “I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin,” said Dimon. “They are decentralized Ponzi schemes.” [caption…
3 years ago