Mark Wilson/Getty Images
- Bitcoin is a "fraud," a "Ponzi scheme," and cannot serve as a currency, Jamie Dimon said.
- The JPMorgan CEO said cryptos that enable smart contracts and blockchain apps might have value.
- Dimon has dismissed bitcoin as a "pet rock" in the past, and slammed it for enabling criminals.
Bitcoin is a scam and fails as a currency, Jamie Dimon said.
"If you mean crypto like bitcoin, I've always said it's a fraud," the JPMorgan CEO told Bloomberg TV on Wednesday.