The post ‘He Still Knows It’s Ponzi’: Peter Schiff Clarifies JP Morgan CEO’s Bitcoin Stance appeared on BitcoinEthereumNews.com. Biggest Bitcoin critic Peter SchiffThe post ‘He Still Knows It’s Ponzi’: Peter Schiff Clarifies JP Morgan CEO’s Bitcoin Stance appeared on BitcoinEthereumNews.com. Biggest Bitcoin critic Peter Schiff

‘He Still Knows It’s Ponzi’: Peter Schiff Clarifies JP Morgan CEO’s Bitcoin Stance

2025/12/13 05:35

Biggest Bitcoin critic Peter Schiff is not having it after a viral X post recently celebrated Jamie Dimon’s blockchain speech at a live TV session with Fox Business.

While the post had speculated that the JP Morgan CEO, who has been a longtime Bitcoin critic, is finally changing his stance and embracing the blockchain technology, Peter Schiff issued an unfriendly response clarifying that the JPMorgan CEO’s stance on Bitcoin itself has not changed.

Dimon praises blockchain technology 

During the live session, Dimon described the blockchain technology as real, faster, and cheaper, acknowledging that JPMorgan has been moving trillions of dollars a day on blockchain.

Thus, the post had interpreted Dimon’s praises on blockchain as a major reversal after years of Dimon calling Bitcoin a fraud.

Furthermore, the post highlighted JPMorgan’s growing blockchain initiatives, including its stablecoin on Base, real-world asset tokenization, and on-chain settlement experiments.

Nonetheless, Schiff cleared that the excitement is misplaced and borne out of an extreme misconception, reasserting that the public figure has not changed his view about Bitcoin.

You Might Also Like

In his response, Schiff explained that Dimon’s comments were strictly about blockchain technology and stablecoins and not Bitcoin, drawing the line between the enterprise use cases of blockchain and Bitcoin’s monetary infrastructure.

Notably, Schiff argued that interpreting Dimon’s remarks as a bullish stance for Bitcoin is misleading. According to Schiff, he strongly believes that the JPMorgan CEO still knows Bitcoin as a Ponzi, and his long-standing criticism of Bitcoin has not changed.

Thus, Peter Schiff has strictly cleared that institutional blockchain adoption does not mean support for Bitcoin.

Source: https://u.today/he-still-knows-its-ponzi-peter-schiff-clarifies-jp-morgan-ceos-bitcoin-stance

Piyasa Fırsatı
Notcoin Logosu
Notcoin Fiyatı(NOT)
$0.0005328
$0.0005328$0.0005328
-1.51%
USD
Notcoin (NOT) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Paylaş
BitcoinEthereumNews2025/09/18 00:09
SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime

SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime

The post SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime appeared on BitcoinEthereumNews.com. In a pivotal week for crypto infrastructure, the Solana network
Paylaş
BitcoinEthereumNews2025/12/16 20:44
Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be

The post Why The Green Bay Packers Must Take The Cleveland Browns Seriously — As Hard As That Might Be appeared on BitcoinEthereumNews.com. Jordan Love and the Green Bay Packers are off to a 2-0 start. Getty Images The Green Bay Packers are, once again, one of the NFL’s better teams. The Cleveland Browns are, once again, one of the league’s doormats. It’s why unbeaten Green Bay (2-0) is a 8-point favorite at winless Cleveland (0-2) Sunday according to betmgm.com. The money line is also Green Bay -500. Most expect this to be a Packers’ rout, and it very well could be. But Green Bay knows taking anyone in this league for granted can prove costly. “I think if you look at their roster, the paper, who they have on that team, what they can do, they got a lot of talent and things can turn around quickly for them,” Packers safety Xavier McKinney said. “We just got to kind of keep that in mind and know we not just walking into something and they just going to lay down. That’s not what they going to do.” The Browns certainly haven’t laid down on defense. Far from. Cleveland is allowing an NFL-best 191.5 yards per game. The Browns gave up 141 yards to Cincinnati in Week 1, including just seven in the second half, but still lost, 17-16. Cleveland has given up an NFL-best 45.5 rushing yards per game and just 2.1 rushing yards per attempt. “The biggest thing is our defensive line is much, much improved over last year and I think we’ve got back to our personality,” defensive coordinator Jim Schwartz said recently. “When we play our best, our D-line leads us there as our engine.” The Browns rank third in the league in passing defense, allowing just 146.0 yards per game. Cleveland has also gone 30 straight games without allowing a 300-yard passer, the longest active streak in the NFL.…
Paylaş
BitcoinEthereumNews2025/09/18 00:41