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.
To bad the ultimate store of value humanity has ever created depends on the decision of a central bank board (oh, the irony) deciding over a 0.0075 raise in the cost of that fiat shitcoin, and the declaration of such a clown like Jamie Dimon.
While he state that nonsense an army of traders, quants, marketers and sales people of his organisation is marketing cryptos to their customers.
Look at what Jamie does, instead of looking at what Jamie says.
Actually what Jamie Dimon was trying to say is: "Bitcoin is a decentralized network. But JP Morgan together with many other Wall Street institutions are one big centralized Ponzi scheme which is shorting Bitcoin." I couldn't agree more!