In 2022, JPMorgan Chase CEO Jamie Dimon called cryptocurrency “decentralized Ponzi schemes” at a U.S. Home Monetary Companies Committee hearing. “I am a significant skeptic on crypto tokens, which you name forex, like Bitcoin,” he stated on the time.
However on Monday at JPMorgan’s annual investor day, Dimon stated that JPMorgan Chase, the U.S.’s largest financial institution, will enable its purchasers to purchase Bitcoin, per CNBC.
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“We’re going to will let you purchase it,” Dimon stated. “We’re not going to custody it. We’ll put it in statements for purchasers.”
JPMorgan Chase CEO Jamie Dimon delivers a speech in the course of the World Markets Convention, forward of the Select France summit, in Paris, on Could 15, 2025. MICHEL EULER/POOL/AFP | Getty
Rival Morgan Stanley has allowed purchasers to buy bitcoin ETFs since August 2024.
Dimon has lengthy cited the dangers of bitcoin, together with cash laundering. At Davos final 12 months, he called it a “pet rock” that “does nothing.”
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However that does not imply he’s going to carry different folks again from making their very own monetary selections.
“I do not assume you must smoke, however I defend your proper to smoke,” Dimon stated. “I defend your proper to purchase bitcoin.”
