Access to Bitcoin coming to JP Morgan clients, Dimon confirms

• JP Morgan to enable Bitcoin to buy despite the CEO Jamie Dimon’s continuous skepticism.
• Bitcoin reached $ 105,000 in the midst of growing institutional adoption.

In a striking shift from his historically anti-crypto attitude, JP Morgan now makes a significant step into the digital property space.

Executive director Jamie Dimon, long known for his skepticism according to the cryptocurrency currency, revealed that the banking giant would soon allow his clients to buy Bitcoin (BTC).

CRIPTO SHOWER JP MORGAN

JP Morgan will not provide custody services for property. However, this decision represents a clear shift from the previous attitude.

It also signals the increasing recognition of the client’s demand because the financial landscape is still developing.

Getting to know the same, annually JP Morgan Investor Day May 19, Dimon said,

“We’ll let you buy it. We won’t care for him. We’ll put him in clients statements.”

Once openly critical of the cryptocurrencies, a property manager of $ 4 trillion, now he now cautiously enters the crypto arena.

Actually, JP Morgan recently completed a token treasury transaction with Chainlink and Ondo Finance. This emphasizes his growing comfort with blockchain infrastructure.

At the same time, institutional interest in bitcoin is growing. The latest acquisition of a strategy of 7,390 BTC reflects this increasing demand.

The Crypto attitude of Jamie Dimon remains unchanged

However, despite this shift, the director of Jamie Dimon skepticism towards Bitcoin looks unchanged.

Earlier this year he repeated his long -term skepticism labeling Bitcoin “ponzi scheme” and rejects it as if there is no internal value.

His recent comments make it clear that although JP Morgan may satisfy the market demand, his boss remains personally unconvated due to Bitcoin’s legitimacy.

For those who are not aware of, back in 2024, Dimon had specified,,

“I don’t know what Bitcoin himself is, but I defend your right to smoke a cigarette. It will defend you the right to buy bitcoin. I will not personally buy Bitcoin.”

And, now in a recent update, Dimon has doubled his crypto criticism, citing concerns about his relationships with illegal activities such as money laundering, financing terrorism and sex trade, CNBC states.

He said,

“I don’t think you should smoke, but I defend your right to smoking. Defending your right to buy bitcoin.”

This coincided with the recent remarks of Eric Trump, who questioned the role of traditional banks such as JP Morgan, which only added a constant debate on the future of finance.

What more?

However, despite Dimon’s long -standing rejection of bitcoin, once calling it fraud, and later by marking “worthless” during the Bull Market 2021, Crypto Asseta still defies critics.

In fact, from the latest update, Bitcoin climbed For 3.00% in the past 24 hours and traded at $ 105,694.34 at the time of the press.

So, with so much in the cryptic space, Bitcoin continues to swing, attracting interest from skeptics to enthusiasts.