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JP Morgan CEO says "crypto is a ponzi scheme", meanwhile they have their own Bitcoin fund...

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by COINS NEWS 78 Views

Yesterday we had the meeting of most evil people at the house of even more evil people. Bank CEOs met at Capitol hill to testify for various instances. Crypto was not that big on the program but we still had some statemets about it. The most meaningful one was the JP Morgan CEO saying that cryptocurrencies are a "decentralized ponzi scheme", whateer that means...

So you can see that JP Morgan was speaking full-on against crypto. While their actual actions are something else... Already in 2021 they launched their own Bitcoin fund for private clients and just like other investment banks they were expanding crypto too.

Either they are trying to behave good in front of the government or they are lying to us. But it's clear that institutions can not be trusted as they will change their opinion according to the people they talk to.

submitted by /u/partymsl
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