JPMorgang Chief says bank users can soon buy Bitcoin

Jamie Dimon, General Manager Jpmorgan, said his bank will soon allow his clients to buy Bitcoin, but will not detain cryptocurrency.

“We will allow you to buy it,” Dimon said on the annual investor of JPMorgan 19. May. “We will not detain it. We will put it in statements for clients.”

CNBC export That Dimon also noted his long-term skepticism about cryptic property, pointing to their use in money laundering, trade in sexual and terrorism.

“I don’t think you should smoke, but I defend your right to smoke. I define your right to buy Bitcoin,” he said.

JpMorgan will offer clients access bitcoin (Btc) Means for exchanges (ETFS), CNBC reported, referring to sources familiar with the situation. So far, the company has limited its cryptic exposure primarily for futures products, not directly ownership of digital means.

Related: Morgan Stanley Advisers can officially deal with Bitcoin ETFS

JPMorgan Rival Morgan Stanley also moved to offer the Bitcoin ETF’s qualifications. Spot Bitcoin ETFS In the United States, they saw significant adoption, with almost $ 42 billion in the total summary inflows because they launched in January 2024. years.

Dimonova History Bitcoin

Dimon has long been skeptical for Bitcoin, tagging him A scam not interested in buying 2018. Years and calling it “useless” during the CRIPTO BULL 2021 market.

“I was always deeply opposite crypto, bitcoin etc.,” he said During the Banking Committee of the Senate in 2023. years. “The only real case for that is criminals, drug traffickers, money laundering, tax avoidance.”

“If I were the government, I would close her,” he said.

At the World Economic Forum 2024. in Davos, Switzerland, Dimon said Bitcoin “Don’t do anything. I call it home rocks,” who first came after the funding for $ 100,000 for the first time.

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