EddieJayonCrypto
19 May 25
JPMorgan Chase CEO Jamie Dimon announced that the bank will allow clients to buy Bitcoin, marking a shift from its previously critical stance. While Dimon remains personally skeptical, JPMorgan will facilitate Bitcoin purchases but will not offer custody services, requiring clients to use third-part...
JPMorgan Chase is taking a notable step by allowing its clients to buy Bitcoin, marking a significant shift from its once critical view of cryptocurrency. CEO Jamie Dimon announced this change while maintaining his personal skepticism about Bitcoin. Although the bank will facilitate Bitcoin purchases, it will not offer custody services, meaning clients must use third-party providers to store their digital assets.
This policy shift reflects growing client demand and aligns with JPMorgan’s recent moves in the blockchain space, including its first structured transaction on a public blockchain. Historically, JPMorgan has been openly critical of Bitcoin, with Dimon previously calling it a “fraud” and a “Ponzi scheme,” even threatening to fire employees trading Bitcoin. The new stance signals a broader trend of increased institutional interest as Bitcoin’s price approaches all-time highs near $105,000.
While JPMorgan is embracing Bitcoin transactions, it stops short of full crypto integration by not providing custody services, underscoring ongoing caution among traditional financial institutions. This development highlights the evolving landscape where major banks adapt to digital assets amid shifting market dynamics and investor appetite.