Jamie Dimon: Bitcoin and Other Crypto Tokens Are ‘Decentralized Ponzi Schemes’ https://www.marketwatch.com/article...d-ponzi-schemes-51663840617?mod=mw_latestnews
But I also liked Nassim Taleb (whom I am a big fan of,) say on CNBC the other day, that Bitcoin is a "tumor."
Jamie is obviously heavily biased with regard to crypto or gold. If crypto increases in value or use, that's less money & transactions at Chase Bank. If the value of gold doubles, that's an additional ~12 trillion dollars stored outside the banking system. IMO, banks are suppressing the price of gold & bitcoin with the paper markets. BTC would have been better off without BTC futures. Government & banks are so intertwined they both want prices suppressed so regulators look the other way.
Then what’s this? https://hypebeast.com/2022/2/jp-morgan-virtual-lounge-decentraland-first-bank-enter-metaverse
they are marketing schemes like many other things in life such as your branded coats and handbags, difference in that they are digital vs physical, rendering them useless