{"id":129586,"date":"2025-05-20T02:15:51","date_gmt":"2025-05-20T02:15:51","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129586"},"modified":"2025-05-20T02:15:51","modified_gmt":"2025-05-20T02:15:51","slug":"jpmorgan-boss-says-bank-users-can-soon-buy-bitcoin","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129586","title":{"rendered":"JPMorgan boss says bank users can soon buy Bitcoin"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsJamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won\u2019t custody the cryptocurrency.<br \/>\n\u201cWe are going to allow you to buy it,\u201d Dimon said at JPMorgan\u2019s annual investor day on May 19. \u201cWe\u2019re not going to custody it. We\u2019re going to put it in statements for clients.\u201d<br \/>\nCNBC reported that Dimon also remarked on his long-held skepticism about crypto assets, pointing to their use in money laundering, sex trafficking and terrorism.<br \/>\n\u201cI don\u2019t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin,\u201d he said.<br \/>\nMichael Saylor comments on Dimon\u2019s announcement. Source: Michael SaylorJPMorgan will offer clients access to Bitcoin (BTC) exchange-traded funds (ETFs), CNBC reported, citing sources familiar with the situation. Until now, the firm has limited its crypto exposure primarily to futures-based products, not direct ownership of digital assets.<br \/>\nRelated: Morgan Stanley advisers can officially pitch Bitcoin ETFs<br \/>\nJPMorgan rival Morgan Stanley has also moved to offer spot Bitcoin ETFs to qualifying clients. Spot Bitcoin ETFs in the US have seen significant adoption, with almost $42 billion in total aggregate inflows since they launched in January 2024.\u00a0<br \/>\nDimon\u2019s Bitcoin bashing history<br \/>\nDimon has long been skeptical of Bitcoin, labeling it a scam that he had no interest in buying in 2018 and calling it \u201cworthless\u201d during the 2021 crypto bull market.<br \/>\n\u201cI\u2019ve always been deeply opposed to crypto, Bitcoin, etc.,\u201d he said during a Senate Banking Committee hearing in 2023. \u201cThe only true use case for it is criminals, drug traffickers, money laundering, tax avoidance.\u201d<br \/>\n\u201cIf I were the government, I\u2019d close it down,\u201d he said.<br \/>\nAt the 2024 World Economic Forum in Davos, Switzerland, Dimon said Bitcoin \u201cdoes nothing. I call it the pet rock,\u201d which came after the asset topped $100,000 for the first time.\u00a0\u00a0<br \/>\nMagazine: Arthur Hayes $1M Bitcoin tip, altcoins \u2018powerful rally\u2019 looms: Hodler\u2019s Digest<a href=\"https:\/\/cointelegraph.com\/news\/jpmorgan-boss-bank-users-soon-buy-bitcoin?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsJamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won\u2019t custody the cryptocurrency. \u201cWe are going to allow&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129586"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129586"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129586\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129586"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}