JP Morgan CEO Jamie Dimon said that his bank would soon allow its customers to buy bitcoins, but it would not detain cryptocurrency.
“We are going to allow you to buy it,” Dimon said on May 19 on JP Morgan’s annual investor day. “We are not going to take it into custody. We are going to put it in statements for customers.”
CNBC Informed The Dimon also commented on its long -held doubt about crypto assets, which indicates their use in money laundering, sex trafficking and terrorism.
“I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy bitcoin,” he said.
JPMorgan will offer clients access to bitcoin (BTC) Exchange-traded fund (ETF), CNBC reported that citing the situation familiar with the situation. So far, the firm has limited its crypto exposure primarily to promised products, not direct ownership of digital assets.
Connected: Morgan Stanley Advisor can officially do bitcoin ETF pitch
JP Morgan rival Morgan Stanley has also gone to offer spot bitcoin ETF for clienting clinting. place Bitcoin ETF Since the launch in the US in January 2024, it has been seen to adopt significant adoptions with a total of about 42 billion dollars in total.
Dimon’s bitcoin bashing history
Dimon has been suspicious of bitcoin for a long time, Labeled A scam that was not interested in buying in 2018 and calling it “useless” during the 2021 Crypto Bull Market.
“I am always opposing crypto, bitcoin, etc.,” Said During the hearing of a Senate Banking Committee in 2023. “The only correct use case for this is the prevention of criminals, drug smugglers, money laundering, tax.”
“If I were the government, I would have shut down it,” he said.
2024 World Economic Forum in Davos, Switzerland, Dimon Said Bitcoin “does nothing”. I call it a pet rock, “who first came to the top of $ 100,000 in the property.
magazine: Arthur Hayes $ 1M bitcoin tip, altcoins ‘powerful rally’ Karghe: Hodler’s Digest
