⸺ Obituary · September 21, 2022 ⸺
“Jamie Dimon Slams Crypto Tokens as ‘Decentralized Ponzi Schemes’”
— Bloomberg, Jamie Dimon
“I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin, They are decentralized Ponzi schemes.”
Price at death
$18,891
Today
$73,594
Resurrection
×3.9
On 2022-09-21, Jamie Dimon (CEO, JP Morgan Chase) declared Bitcoin dead via Bloomberg. Bitcoin was trading at ~$18,891 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on September 21, 2022, when one Bitcoin traded for approximately $18,891. Since then, Bitcoin has appreciated by 3.9× relative to the price on the day Bloomberg pronounced it finished.