In 2022, Jamie Dimon, who was the CEO of JPMorgan Chase, called cryptocurrency "decentralized Ponzi schemes" during a meeting of the U.S. House Financial Services Committee hearing "I have significant doubts about crypto tokens, what you refer to as currency, such as Bitcoin," he stated back then.
However, on Monday during JPMorgan's yearly investor event, Dimon announced that JPMorgan Chase, the biggest bank in the U.S., would permit customers to purchase Bitcoin. per CNBC .
Related: JPMorgan Chase Claims AI Might Reduce Staffing by 10% in Certain Departments: 'We Will Deliver More'
Dimon stated that they will permit customers to purchase it, but emphasized that they won’t hold onto it; instead, they’ll include it in client statements.
On May 15, 2025, JPMorgan Chase CEO Jamie Dimon gave a speech at the Global Markets Conference, which took place prior to the Choose France summit in Paris. The event was captured by photographer Michel Euler for AFP/Getty Images.
Competitor Morgan Stanley has permitted clients to buy bitcoin ETFs since August 2024.
Dimon has frequently highlighted the dangers associated with Bitcoin, such as money laundering. Last year at Davos, he did so again. he called it A "pet rock" that "doesn’t do anything."
Related: 'This Must End': JPMorgan Chief Jamie Dimon Details Strategies for Effective Meetings
However, that does not imply he will prevent others from pursuing their own monetary decisions.
"I don't think you should smoke, but I defend your right to smoke," Dimon said. "I defend your right to buy bitcoin."
0 Comments