JPMorgan Chase CEO Jamie Dimon caused controversy by declaring that Bitcoin is "a Ponzi scheme" and which "has no intrinsic value". @ But do these criticism is justified or reflects fear of a revolution in the financial system? Let's understand!

What is a Ponzi scheme?

A Ponzi scheme is a financial fraud in which returns to old investors are paid with money from new ones. In other words, it depends on a flow constant number of new participants so as not to fall apart. Is this related to Bitcoin?

Bitcoin is different:

Bitcoin is a decentralized technology, offering limited to 21 million units. Its value comes from trust in the network, usefulness as a store of value and innovation in financial transfers. Does not depend on new investors to exist.

i f Traditional interests:

Jamie Dimon represents the traditional banking sector, which may feel threatened by a digital currency that eliminates intermediaries. Would this criticism be a way of protect the current banking system?

Global adaptation:

While critics point to Bitcoin's volatility, it has been adopted as a means of payment, reserve of value and even official currency in countries like El Savior. This reinforces its relevance in the economic scenario.

In the end, it is up to each person to analyze whether Bitcoin is really a bubble or the next big financial innovation. In the end, Big changes always generate resistance. What's your opinion on Dimon's statements? #bitcoin $BTC #cryptoeconomy #blockchain #finance