Jamie Dimon saying that Bitcoin is a decentralized Ponzi scheme can’t be good for the price in the short term. Longer term I think this could be the beginnings of signs that we’ve reached bottom. Maybe not the exact bottom, but when you’re looking back on a 10 year chart it will look like the bottom where you should’ve started buying and stopped selling.
Dimon has said this several times. To my mind he is not understanding quite the way some (most?) buyers think. First there are speculators but who cares. Theyexist in all markets. second while the price has big crashes (90%?) off some high it does kill off bitcoin ie there are always new people buying into bitcoin for what it has always provides no matter the price they buy in eg independence from the financial system etc . While there are always new people entering that see more than any big wealth changes that may or may not come it cannot be called a ponzi .