Jamie Dimon, the CEO of JPMorgan, said his bank will allow his clients to buy Bitcoin, but will not notice the cryptocurrency.
“We will allow you to buy it,” Dimon said on JPMorgan’s annual investor day on May 19. “We do not court. We will put it in statements for clients.”
CNBC reported Dimon also mentioned his long-term doubt about crypto assets, pointing out their use in money laundering, sex trafficking and terrorism.
“I don’t think you should smoke, but I’m defending your right to smoke. I defend your right to buy Bitcoin,” he said.
JPMorgan will offer clients accessing Bitcoin (Btc) Funds exchanged by the exchange (ETF), CNBC reported, citing resources familiar to the situation. To date, the firm has limited crypto exposure especially to futures-based products, indirectly owned by digital assets.
Related: Morgan Stanley counselo
JPMorgan’s rival Morgan Stanley also moved to offer bitcoin ETF spots to qualified clients. Spot Bitcoin etf In the US found significant adoption, with nearly $ 42 billion in the total combination of flowing since they launched in January 2024.
Bitcoin’s Bitcoin History by Dimon
Dimon has long been in doubt of Bitcoin, Pagalabel it A scam that had no interest in buying in 2018 and called it “worthless” during the 2021 Crypto Bull Market.
“Crypto, Bitcoin, etc. has always opposed me.” Says During the Senate Banking Committee’s hearing in 2023. “The only real case of use for it was criminals, drug traffickers, money laundering, tax avoidance.”
“If I were the government, I would close it,” he said.
In the 2024 World Economic Forum in Davos, Switzerland, Dimon Says Bitcoin is “Nothing. I call it Pet Rock,” which came after the asset led to $ 100,000 in the first time.
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