“JPMorgan’s top quant strategist backed his boss this week in bashing bitcoin, warning that the cryptocurrency is likely a “pyramid scheme.”
Marko Kolanovic, Researcher, JP Morgan · Bitcoin since: +1,925%
As published by CNBC
JPMorgan's Top Quant Strategist, Echoing CEO, Compares Bitcoin To Pyramid Scheme ↗
A little perspective.
Bitcoin on that day$3,687September 15, 2017
$100 at that price$2,025At our latest price check
Illustrative value using a Bitcoin price of $74,647, checked Nov 10, 2026, 9:05 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “JPMorgan's Top Quant Strategist, Echoing CEO, Compares Bitcoin To Pyramid Scheme” — Marko Kolanovic, CNBC, September 15, 2017. Bitcoin: $3,686.9. https://bitcoindeaths.com/posts/2017-09-15-jpmorgans-top-quant-strategist-echoing-ceo-compares-bitcoin-to-pyramid-scheme