Jamie Dimon, general director of JPMorgan, said that his bank would soon allow its clients to buy Bitcoins, but he would not look after cryptocurrency.

“We’ll let you buy it,” Dimon said during the annual JPMorgan Investor Day on May 19. “We are not going to look after him. We intend to statements for customers.”

CNBC Reported This dimon also noticed his long -term skepticism towards cryptocurrency assets, indicating their employ in money laundering, sexual trade and terrorism.

“I don’t think you smoke, but I defend your right to smoke. I defend your right to buy bitcoins,” he said.

JPMorgan will offer clients access to Bitcoin (BTC) rotational funds (ETFS), CNBC informed, citing sources familiar with the situation. Until now, the company has restricted the cryptographic exhibition primarily to Futures -based products, not direct properties of digital assets.

Related: Morgan Stanley Advisers can officially break the ETF Bitcoin

Morgan Stanley, JPMorgan’s rival, also moved to offer ETF on Bitcoin Bitcoin for qualifying customers. The Bitcoin ETF spot in the United States has been observed a significant party with almost $ 42 billion in total inflows from the moment it was launched in January 2024.

Dimon’s Bitcoin Bashing History

Dimon has long been skeptical about Bitcoin, meaning this fraud that he was not interested in buying in 2018 and calling him “worthless” on the cryptographic market.

“I’ve always been deeply against cryptography, Bitcoin, etc.” – he said during the hearing of the Senate Banking Committee in 2023. “The only real use of use are criminals, drug dealers, money laundering, avoiding taxes.”

“If I were a government, I would close it,” he said.

At the World Economic Forum in Davos, Switzerland, Dimon said that Bitcoin “does nothing. I call it Pet Rock”, which first reached $ 100,000.

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