After Jamie Dimon, chief executive of JP Morgan Chase, compared Bitcoin to a "Ponzi scheme" earlier this year, he continued to express his boredom with flagship cryptocurrencies such as bitcoin and other digital currencies. Jamie is an outspoken reformer of Bitcoin, labeling such cryptocurrencies with a variety of derogatory modifiers, including Ponzi schemes, small pet stones and, more recently, "hype fraud."

JPMorgan Chase CEO Ramos Bitcoin (BTC)

On January 19th, Dimon visited the CNBC variety show "Squawk Box" and was asked about his current position on cryptocurrency. In response, he questioned why the rest of the group "took great pains" to discuss the topic before criticizing the world's first cryptocurrency, because "Bitcoin itself is a hype fake and a new darling."

However, while praising the technical advantages of blockchains and books used internally by JPMorgan, he questioned whether Bitcoin was a store of market value or a scarce resource of Bitcoin. JPMorgan Chase uses these technologies internally and points out that they will be used for future asset transfers. Referring to the bitcoin supply limit set by Zhi Shi in advance, the report quoted her as saying:

How do you know he will dock at 21 million? It is possible to achieve 21 million, and realistic pictures appear in front of everyone, making fun of everyone.

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An example of Jamie Dimon applying FTX

Speaking about the wider access to the password sales market, the JPMorgan chief executive and boss publicly admitted that he was not shocked by the bankruptcy of FTX and the subsequent collapse. FTX used to be one of the most famous cryptocurrency trading centers in the world. He pointed out that he had called FTX a "fragmented Ponzi scheme" in the past.

In his criticism of the lack of disclosure and dollar incentives for Tether, Jamie said that foreign regulators should have stopped such unusual activities a long time ago. He continued that because of this unregulated personal behavior, people, especially those with relatively low incomes, in some cases, including the elderly, have already lost billions of dollars.

Despite Dimon's negative comments, JPMorgan is moving towards integrating blockchain applications into its original business process. Lenders, for example, have a cryptocurrency called JPM Coin that can be redeemed within days. As things stand, the price of BTC is currently $20765. That means a decline of 2.48% for the day, but an increase of 14.50% in a week, according to CoinGape's login password sales market tracking organization.

He said: