- Journalist Natalie Brunell claimed fiat and not cryptocurrency is the biggest Ponzi scheme.
- Brunell claims Jamie Dimon contradicts himself by making pro- and anti-cryptocurrency statements.
- However, Brunell admitted that a lot of altcoins may be considered a Ponzi scheme.
In the wake of JP Morgan CEO Jamie Dimon’s recent tirade at cryptocurrency, Emmy award-winning journalist Natalie Brunell clapped back. According to Brunell, fiat — not cryptocurrency — is the biggest Ponzi scheme.
As if this was not enough, Brunell claimed Dimon’s statement was given to him by the US Federal Reserve. She alleged:
“Jamie Dimon speaks for the FED and I think people are fed up with the fact that these are unelected people who have so much power over the economy.”
Brunell made her statements during an interview with Fox Business, where she also made a couple of allegations against Dimon. She said that Dimon tends to contradict himself.
For proper perspective, Dimon has long been a detractor of crypto just like Warren Buffett. He has called crypto a fraud many times over and has received the irk of many people in the crypto space since then.
However, JP Morgan, the Wall Street giant where he assumes the role of CEO, is one of the prominent banks that offer crypto services to clients. JP Morgan also has its own crypto token, appropriately called JPM Coin.
A couple of months ago, Dimon also admitted that “not all of [crypto] is bad,” explaining its convenience in sending money abroad. He said:
“Not all of it is bad. If you said to me ‘I want to send $200 to a friend in a foreign country,’ that could take you two weeks and cost you $40. You could do it through a digital currency and it’ll take you seconds.”
What is more, Dimon actually praised decentralized finance (DeFi), remarking that it can be deployed in “both public and private fashion.”
To be fair, Brunell admitted that there are a lot of altcoins that may be considered Ponzi schemes, although she excluded Bitcoin.
