AJ HondoJan 27, 2023
Kai Ryssdal
RT @SRuhle
Let's be clear - Jamie Dimon always thought crypto was pure ponzi....there was just a period of time in there where his bankers begged him to keep quiet,so they could win biz https://twitter.com/unusual_whales/status/1618622663731154945
unusual_whales on Twitter

“Jamie Dimon of $JPM has said: “Crypto is a decentralized Ponzi scheme."”

Twitter
Jan 27, 2023 at 2:40amWeb
Show threadFemme MalheureuseJan 27, 2023

@kairyssdal TBF, crypto bros would never believe (still won't believe) an institutional banker. The institutional banks shot their credibility with all the scammy subprime mortgages and under-collateralized financial instruments which lead to the 2008 crash.

On the other hand it takes a scammer to know a scam.

Show threadQueenKraken Jan 27, 2023
@kairyssdal @aschmidtm you called it
Show threadAndrew Schmidt Jan 27, 2023
@queenpocha @kairyssdal a broken clock is right twice a day?
Show threadAJ HondoJan 27, 2023
@kairyssdal In contrast to the stock market, which is a centralized Ponzi scheme.
Show threadChrispyCritterJan 27, 2023
@kairyssdal It's a pyramid scheme, not a Ponzi scheme.