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News Explorer — JP Morgan Will Permit Clients to Purchase Bitcoin, a Departure From Dimon's Past Criticisms of the Asset

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May 19, 8:40 pm

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JP Morgan Will Permit Clients to Purchase Bitcoin, a Departure From Dimon's Past Criticisms of the Asset

Jamie Dimon announced during JP Morgan's investor day that the bank will soon allow customers to buy Bitcoin but will not provide custody services. This marks a shift in the bank's stance on cryptocurrencies, as Dimon has previously criticized Bitcoin as a "fraud" and "pet rock."

Jamie Dimon announced during JP Morgan's investor day that the bank will soon allow customers to buy Bitcoin but will not provide custody services. This marks a shift in the bank's stance on cryptocurrencies, as Dimon has previously criticized Bitcoin as a "fraud" and "pet rock."

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