"Jamie Dimon Slams Crypto Tokens as ‘Decentralized Ponzi Schemes’"
BTC_AT_TIME $18,891
Published in Bloomberg on 2022-09-21, "Jamie Dimon Slams Crypto Tokens as ‘Decentralized Ponzi Schemes’" declared Bitcoin dead or fundamentally doomed. The piece characterised Bitcoin as a fraudulent scheme with no underlying value, arguing it would inevitably collapse once new buyers dried up. Bitcoin was trading at $18,891 at the time of publication. Bitcoin fell sharply amid interest rate hikes and the spectacular collapse of the FTX exchange and the Terra/Luna ecosystem.