In 2022, JP Morgan Chase CEO Jamie Dimon called Cryptocurrency “decentralized Ponji Schemes” at the US House Financial Services Committee. HearingHe said, “I am having a great doubt on the Crypto token, which you call the currency,” like a bitcoin, “he said at that time.
But on Monday on JP Morgan’s annual investor Day, Dimon said that America’s largest bank JP Morgan Chase will allow its customers to buy bitcoin, Per CNBC,
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“We are going to allow you to buy it,” Dimon said. “We are not going to take it into custody. We are going to put it in statements for customers.”
Jamie Dimon, CEO of JP Morgan Chase, gave a speech during the Global Markets Conference on 15 May, 2025, in Paris, ahead of the French Summit in Paris. Michelle Uler/Pool/AFP | Getty
Rotent Morgan Stanley has allowed customers Buy bitcoin ETF from August 2024.
Dimon has long cited the risks of bitcoin, including money laundering. Last year in Davos, They called it A “pet rock” that “does nothing.”
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But this does not mean that he is going back to catch other people back from creating his financial option.
“I don’t think you should smoke, but I defend your right to smoke,” Dimon said. “I defend your right to buy bitcoin.”
