JPMorgan Chase has taken a surprising step into the crypto world. The bank will now allow clients to buy bitcoin, CEO Jamie Dimon confirmed at its annual investor day on Monday.
“We are going to allow you to buy it,” Dimon said. “We’re not going to custody it. We’re going to put it in statements for clients.”
The move doesn’t mean JPMorgan will hold crypto directly. But listing it on client statements is a clear signal that BTC is gaining acceptance among traditional financial institutions.
Dimon: Still Skeptical Despite Policy Shift
Despite the policy change, Dimon remains deeply critical of BTC and the broader crypto space.
He pointed to concerns about illegal activity. “The money laundering, the sex trafficking, the terrorism,” he said, warning about the risks tied to crypto transactions.
Dimon added, “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin.”
Wall Street Warms Up to Bitcoin Access
JPMorgan’s pivot follows similar steps by rivals like Morgan Stanley, which began offering access to spot Bitcoin ETFs to certain clients last year.
This shift shows how investor demand is forcing Wall Street to adapt—even as top executives like Dimon remain wary of crypto’s role in the financial system.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/jpmorgan-finally-lets-clients-buy-bitcoin/