JPMorgan Opens Bitcoin Access to Clients Despite CEO’s Skepticism

JPMorgan is finally letting its clients buy Bitcoin, showing a huge change from one of Wall Street’s most famously skeptical institutions. And while CEO Jamie Dimon still doesn’t like crypto, he’s made it clear that what he thinks personally won’t stop the bank from giving customers what they want.

A Change in Tune, But Not in Tone

At JPMorgan’s annual investor day on May 19, Dimon confirmed that the bank will begin allowing clients to purchase Bitcoin. Those purchases will show up in client account statements, but the bank itself won’t be handling custody or storing the coins.

BREAKING: JPMorgan to “allow” clients to buy #Bitcoin, says CEO Jamie Dimon.

Allow? What are you, a toddler? You need daddy Dimon’s permission to buy freedom?

Be a man. Dump your JPM portfolio. Buy real #Bitcoin. And let the Dimons of this world choke on their f* arrogance. pic.twitter.com/21z8kc75JY

— Carl ₿ MENGER

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