JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin
A JPMorgan spokesperson declined to elaborate on the bank's specific plans for bitcoin access. Until now, the company has limited its crypto exposure primarily to futures-based products, not direct ownership of bitcoin.
When crypto valuations were soaring in 2021, Dimon dismissed bitcoin as "worthless." He told lawmakers during a Senate hearing in late 2023 that he's "always been deeply opposed to crypto, bitcoin, etc.," and that, "The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance." He said at the hearing that, "If I was the government, I'd close it down."
At the 2024 World Economic Forum in Davos, Dimon said, "Bitcoin does nothing. I call it the pet rock." He added that, "This is the last time I'm talking about the with CNBC, so help me God."
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