Santa Barbara Current

Santa Barbara Current

On the Money

Cryptocurrency: Investment or Ponzi Scheme?

by Tim Tremblay

Mar 15, 2024
∙ Paid
Courtesy: Coinbase API

When Bitcoin, the world’s first cryptocurrency, came to the marketplace in 2009 at $0.0009 per coin, most of us in the financial services world thought of it as an odd concept at best and a scam at worst.  Jamie Dimon, one of the great minds on Wall Street, thought of Bitcoin as a Ponzi scheme.

Here we are, 15 years later, and Bitco…

Keep reading with a 7-day free trial

Subscribe to Santa Barbara Current to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2026 Santa Barbara Current · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture