Since 2017, bitcoin has constantly been described as a "fraud" by JP Morgan CEO, particularly since the implosion of FTX, the world's second largest crypto exchange, Jamie Dimon stated that the entire crypto industry was a "perfect slideshow."
However, Dimon's claims were dismissed by CNBC anchor Joe Kernen, who claimed that Bitcoin is "immutable" and "scarce" "stores of value" and that only 21 million coins will exist.
As for the blockchain, Dimon states that JPMorgan uses it to do overnight repo and intraday repo. In other words, it is a technological ledger that he believes is deployable.
What do you think?
