JpMorgan will allow customers to buy bitcoin-just don’t ask them to hold it
- Jamie Dimon, director of JPMorgangan who criticized Bitcoin in the past, reluctantly announced that the bank would allow customers to buy a coin even though he would not detain it.
- JPMorganov’s turn comes soon after their own analysts reported that investors range from gold in Bitcoin, showing a significant shift in its previous anti-cryptocurrency attitude.
- Main banks, including Morgan Stanley and Bank of America, are similar to crypto, with their managers suggesting to work with regulators to offer secure access to digital property.
- This shift in the banking sector follows a highly successful American Spot Bitcoin ETF, which accumulated over 125 billion USD in assets under management, representing 5.6 percent of all
Home rocksBitcoin.
MR “Five Rock” again hit: Bitcoin Skeptic Jamie Dimon, head of Multinational Finance, Behemoth Jpmorgan Chase, said the bank would allow customers to buy Bitcoin.
After years of criticism, and yes, it is called Bitcoin A “pet“,” Fraud “and promised to” go out “if you could, Dimon has now changed Its melody.
On the day of JpMorgan Chase, he said on Monday, he said he was still not a bitcoin fan, but that the bank would allow customers to buy BTC, although they will not retain detention.
We will allow you to buy it. We will not detain it. We will put it in statements for clients.
Jamie Dimon, General Manager and President Jpmorgan Chase Just last week, the Analysts of JP Morgan said investors turn from gold to Bitcoin. Nikolas Panigirtzoglou, Director General for the Firm, said That “Bitcoin suppresses gold and growing.”
This seems to be FOMO case, with banks that understand what their customers want to invest in them.
It is a great contrast from a year ago. Just weeks after US spot approved, Bitcoin exchange funds (ETFS), JP Morgan Posted a survey Showing that less than 10 percent of the proportors believed in Blockoin.
Related: Bitmek Boss Haies See Bitcoin Violation Milion Dollars for 2028. About Global Financial Soys
Jpmorgan joined Boa, Morgan Stanley, because ETF points
Other large banks are now heated for crypto, with Morgan Stanley Director and Chair, Ted Pick, saying In order for the bank to cooperate with regulators to find out how customers could access the cry in a safe way.
American Chief Bank, Brian Moinihan, signaled Similar feelings, proposing adoption adoption after regulators give clarity.
If the rules come in and make it real that you can actually do business, you will find that the banking system will be tiring on the transaction side of it.
Brian Moinihan, Executive Director and Chairman Boa It’s not a coincidence to follow this ETF Approval and launch, which was a huge success.
In the past four trades, the American Spot Bitcoin ETFS added another billion US dollars (and in 1.55 billion dollars) to the property under the management, as data from a distant show. This brings a total of 1.18 million BTC worth 125.89 billion USD (and in 195.24 billion dollars) – or 5.6 percent of all 21 million.
Related: Moody’s Downgrades Nas, Cripto Reacts mainly positive as BTC reaches 106k dollars
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2025-05-20 06:17:00
