JPMorgan CEO tolerates bitcoin

[kotajikikox]

Jamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won’t custody the cryptocurrency.

“We are going to allow you to buy it,” Dimon said at JPMorgan’s annual investor day on May 19. “We’re not going to custody it. We’re going to put it in statements for clients.”

Jamie Dimon has explicitly criticized bitcoin before and multiple times at that too. He has called bitcoin a scam and has linked bitcoin to crimes like money laundering, tax evasion, even drug trafficking. His "approval" of bitcoin etfs in the bank to me seems like because he knows the benefit of using bitcoin but just refuses to admit it. He is most likely not wanting to be left behind so he has no choice but to allow the bank to offer bitcoin so they do not lose clients. “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin,” he said

This is most likely what will happen with other centralized banks. Forced to conform to the trend that is bitcoin to keep up with the times.

[Sanitough]

So basically, they just want to earn from their clients buying Bitcoin without actually holding any Bitcoin themselves.

Honestly, it might be better for clients to just buy directly from exchanges and learn how to secure their assets properly. Banks aren’t really that helpful when it comes to Bitcoin investing. All they do is act as a bridge for traceable transactions and once that’s done, they collect their fees and call it a day.  

This is just another ETF thing..

JPMorgan will offer clients access to Bitcoin exchange-traded funds (ETFs)

[BIT-BENDER]

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

So what he means here is that he still don't think you should engage in Bitcoin but he supports people's rights to do so. That's a typical business man quotes.
But really we don't need him to defend our rights in any way infact banks getting involved in crypto-currency may leave a dent in the anonymity, privacy and decentralized nature of Crypto-currency.
And even if that was the only way to buy Bitcoin I won't definitely patronize JP Morgan because chances of things going wrong a high because their CEO still has resentment against Bitcoin. Everyone has to be careful out there.

[melinoe]

So basically, they just want to earn from their clients buying Bitcoin without actually holding any Bitcoin themselves.

Honestly, it might be better for clients to just buy directly from exchanges and learn how to secure their assets properly. Banks aren’t really that helpful when it comes to Bitcoin investing. All they do is act as a bridge for traceable transactions and once that’s done, they collect their fees and call it a day.  

This is just another ETF thing..

JPMorgan will offer clients access to Bitcoin exchange-traded funds (ETFs)

Another one bites the custody

[KingsDen]

So basically, they just want to earn from their clients buying Bitcoin without actually holding any Bitcoin themselves.

Honestly, it might be better for clients to just buy directly from exchanges and learn how to secure their assets properly. Banks aren’t really that helpful when it comes to Bitcoin investing. All they do is act as a bridge for traceable transactions and once that’s done, they collect their fees and call it a day.  

This is just another ETF thing..

JPMorgan will offer clients access to Bitcoin exchange-traded funds (ETFs)

I was just wondering how they will allow you to buy it but not custody it. If you don't reason critically, you will think it's a good development because of the Not you key not your coin mentra. But in a real sense, they just want to be a bridge for their customers, and charging transaction fees without doing anything at all.
Meanwhile, about criticising bitcoin in the past. I am not surprised and it's not a sin. Almost everyone that spoke against bitcoin will surely do a U-turn. I don't blame them because that's how it used to be for every given new technology.
The instance of smoke and our right to it is just a jab to cover up.

[henry_of_skalitz]

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

So what he means here is that he still don't think you should engage in Bitcoin but he supports people's rights to do so. That's a typical business man quotes.
But really we don't need him to defend our rights in any way infact banks getting involved in crypto-currency may leave a dent in the anonymity, privacy and decentralized nature of Crypto-currency.
And even if that was the only way to buy Bitcoin I won't definitely patronize JP Morgan because chances of things going wrong a high because their CEO still has resentment against Bitcoin. Everyone has to be careful out there.

Luckily, BTC is good with or without JPMorgan.

That's the beauty of it, and why we can be calm about the whole matter - because we do things our own way anyways.

[AVE5]

Don't feel grief with him, there's always s time every wrong directions will be redirected as long there's time. He isn't the first and not the last of such utterance to bitcoin. Just accept his recent decision to be a welcomed news for the bitcoin communities in the sense that the industry is gradually dominating which those who fights against it today will somewhere in the future realize their misconducts towards bitcoin hence keep to posses it potentials.

As he said, his firm isn't going to align on hodling of bitcoin but users can always buy from them.
That seems for like a trade on exchange. So regardless to that, him and his management teams must have scrutinized the volatile market and had sighted they can as well earn rewards/benefits while facilitating on the bitcoin purchase therefore has to offer promoting of bitcoin awareness.
I'm to believe that in a couple of unpredictable time factors, most of these central banks would even have the bitcoin Atm installed in their respective places.

[FortuneFollower]

Don't feel grief with him, there's always s time every wrong directions will be redirected as long there's time. He isn't the first and not the last of such utterance to bitcoin. Just accept his recent decision to be a welcomed news for the bitcoin communities in the sense that the industry is gradually dominating which those who fights against it today will somewhere in the future realize their misconducts towards bitcoin hence keep to posses it potentials.

As he said, his firm isn't going to align on hodling of bitcoin but users can always buy from them.
That seems for like a trade on exchange. So regardless to that, him and his management teams must have scrutinized the volatile market and had sighted they can as well earn rewards/benefits while facilitating on the bitcoin purchase therefore has to offer promoting of bitcoin awareness.
I'm to believe that in a couple of unpredictable time factors, most of these central banks would even have the bitcoin Atm installed in their respective places.

He saw profit for himself - he did a U-turn as it was said earlier and got into BTC more deeply, and found a way to utilize it properly.

But overall, it's a logical development: more to come!

[Don Pedro Dinero]

I don't really like the analogy but I think it's another step on the road to widespread acceptance of bitcoin. Even Dave Ramsey's show is starting to turn too. Who will be next? Buffet before he dies? With the US president and a pro-bitcoin cabinet, and many states with bitcoin reserves in place, some with the bill already passed, statements like this make perfect sense to me.

[hero_the_bossman]

I don't really like the analogy but I think it's another step on the road to widespread acceptance of bitcoin. Even Dave Ramsey's show is starting to turn too. Who will be next? Buffet before he dies? With the US president and a pro-bitcoin cabinet, and many states with bitcoin reserves in place, some with the bill already passed, statements like this make perfect sense to me.

I just hope the actions will follow up announcements properly Because we are in for a ride of who is going to act up to the best of his ability: those groups of people will be the biggest gainers to date.

[criptoevangelista]

Jamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won’t custody the cryptocurrency.

“We are going to allow you to buy it,” Dimon said at JPMorgan’s annual investor day on May 19. “We’re not going to custody it. We’re going to put it in statements for clients.”

Jamie Dimon has explicitly criticized bitcoin before and multiple times at that too. He has called bitcoin a scam and has linked bitcoin to crimes like money laundering, tax evasion, even drug trafficking. His "approval" of bitcoin etfs in the bank to me seems like because he knows the benefit of using bitcoin but just refuses to admit it. He is most likely not wanting to be left behind so he has no choice but to allow the bank to offer bitcoin so they do not lose clients. “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin,” he said

This is most likely what will happen with other centralized banks. Forced to conform to the trend that is bitcoin to keep up with the times.

Even if he doesn’t like it, he has to accept it. Bitcoin is inevitable. Anyone who turns a blind eye to it runs a serious risk of having their entire wealth eroded by money printing. A banker will never admit that Bitcoin is something superior, after all, it's practically a direct competitor to the service he provides to society.

[thecodebear]

So basically, they just want to earn from their clients buying Bitcoin without actually holding any Bitcoin themselves.

Honestly, it might be better for clients to just buy directly from exchanges and learn how to secure their assets properly. Banks aren’t really that helpful when it comes to Bitcoin investing. All they do is act as a bridge for traceable transactions and once that’s done, they collect their fees and call it a day.  

This is just another ETF thing..

JPMorgan will offer clients access to Bitcoin exchange-traded funds (ETFs)

I was just wondering how they will allow you to buy it but not custody it. If you don't reason critically, you will think it's a good development because of the Not you key not your coin mentra. But in a real sense, they just want to be a bridge for their customers, and charging transaction fees without doing anything at all.
Meanwhile, about criticising bitcoin in the past. I am not surprised and it's not a sin. Almost everyone that spoke against bitcoin will surely do a U-turn. I don't blame them because that's how it used to be for every given new technology.
The instance of smoke and our right to it is just a jab to cover up.

Sounds like he's saying they will allow their clients to buy the existing BTC ETFs through JPMorgan, rather than create their own Bitcoin product. I guess there are people who literally only use one brokerage to invest with and so this will likely open up new people to the Bitcoin ETFs.

But the main thing about this news is symbolic: one of Bitcoin's biggest public haters who constantly attacks it, basically just said that while he personally still feels the same way, he has to admit that out in the real world he is wrong and that his company needs to be involved with Bitcoin.
Just shows you that even the harshest critics of Bitcoin eventually eventually have to admit they were wrong.

[Joy- maker]

So basically, they just want to earn from their clients buying Bitcoin without actually holding any Bitcoin themselves.

Honestly, it might be better for clients to just buy directly from exchanges and learn how to secure their assets properly. Banks aren’t really that helpful when it comes to Bitcoin investing. All they do is act as a bridge for traceable transactions and once that’s done, they collect their fees and call it a day.  

This is just another ETF thing..

JPMorgan will offer clients access to Bitcoin exchange-traded funds (ETFs)

Jamie dimon is not for bitcoin is just in for business, since he have seen the massive growth of bitcoin and the massive adoption of bitcoin, he now decide to tap the glory of bitcoin  by allowing his clients to buying bitcoin from his bank, so that his business will grow well goodluck to him, but my own opinion I we suggest that everyone should buy bitcoin directly from exchange and store their bitcoin by themselves instead of buying bitcoin from unbelievers banks like the person of Jamie dimon who have called bitcoin a scam before.

[serjent05]

JP Morgan CEO eventually realized that his bank was missing the boat by not utilizing Bitcoin sales. So, he acknowledged that his bank needed to adopt Bitcoin sales through ETFs.   

Jamie dimon is not for bitcoin is just in for business, since he have seen the massive growth of bitcoin and the massive adoption of bitcoin, he now decide to tap the glory of bitcoin  by allowing his clients to buying bitcoin from his bank, so that his business will grow well goodluck to him, but my own opinion I we suggest that everyone should buy bitcoin directly from exchange and store their bitcoin by themselves instead of buying bitcoin from unbelievers banks like the person of Jamie dimon who have called bitcoin a scam before.

They are just in for profit, they don't care about their client.  At least they are honest on not to custody the Bitcoin purchase from their bank, and yeah instead of giving the people profit, it is better to transact directly to an exchange and keep it ourselves. 

Funny how Jamie Dimon despises Bitcoin and yet he is allowing his bank to process Bitcoin purchases.  It is all business for him even if it is against his standard as long as he can get profit he will allow it.

[nemesis_incarnate]

So basically, they just want to earn from their clients buying Bitcoin without actually holding any Bitcoin themselves.

Honestly, it might be better for clients to just buy directly from exchanges and learn how to secure their assets properly. Banks aren’t really that helpful when it comes to Bitcoin investing. All they do is act as a bridge for traceable transactions and once that’s done, they collect their fees and call it a day.  

This is just another ETF thing..

JPMorgan will offer clients access to Bitcoin exchange-traded funds (ETFs)

Jamie dimon is not for bitcoin is just in for business, since he have seen the massive growth of bitcoin and the massive adoption of bitcoin, he now decide to tap the glory of bitcoin  by allowing his clients to buying bitcoin from his bank, so that his business will grow well goodluck to him, but my own opinion I we suggest that everyone should buy bitcoin directly from exchange and store their bitcoin by themselves instead of buying bitcoin from unbelievers banks like the person of Jamie dimon who have called bitcoin a scam before.

It's better now than never, that's what he probably thought and surely, he will have results from it - he wouldn't do something like that if he wouldn't want to try things out with BTC (which is good, of course).

[m2017]

So basically, they just want to earn from their clients buying Bitcoin without actually holding any Bitcoin themselves.

Banks were afraid of bitcoin because it could "steal" their clients and therefore, they openly hated it, like Jamie Dimon. But as soon as these banks figured out how to make money using bitcoin, their rhetoric immediately changed.

And people are ready to blindly trust these greedy hypocrites.

Honestly, it might be better for clients to just buy directly from exchanges and learn how to secure their assets properly. Banks aren’t really that helpful when it comes to Bitcoin investing. All they do is act as a bridge for traceable transactions and once that’s done, they collect their fees and call it a day. 

Clients are too lazy to deal with all this. Therefore, it is easier for them to pay the commission and enjoy life, receiving dividends from these pseudo-investments in bitcoin. I am sure there will be many such people. Also, there is an element of trust and reliability that such banks instill in people. In fact, pseudo-reliability.

[hd49728]

JP Dimon is famous with his sayings against Bitcoin in past years and it's surprisingly with many people by knowing that his bank silently accepted Bitcoin and provided many products related to Bitcoin and cryptocurrencies.

See what he and his bank do, don't listen to what he says.

It started 2 years ago in 2023, and did not began in 2025. Read a table at page 45 in the following report.
https://s3.amazonaws.com/static.bitwiseinvestments.com/Research/Bitwise-Crypto-Market-Review-Q4-2023.pdf


Jamie Dimon and JP Morgan have ridiculous history against Bitcoin.

Bitcoin 'is a fraud'
JPMorgan gives clients access to crypto funds.
Dimon’s regrets chart.

[Btcdeybodi]

What a business man he is, he wants his clients to start buying Bitcoin from his Bank thereby making enough money for himself through transaction charges, I see... What does he even mean by they are not going to custody it? If his clients buy Bitcoins ain't they still gonna keep it in the Bank's custody or they will buy and send it to their self custody wallets? This is just another form of ETF in disguise 

[avikz]

Jamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won’t custody the cryptocurrency.

“We are going to allow you to buy it,” Dimon said at JPMorgan’s annual investor day on May 19. “We’re not going to custody it. We’re going to put it in statements for clients.”

Jamie Dimon has explicitly criticized bitcoin before and multiple times at that too. He has called bitcoin a scam and has linked bitcoin to crimes like money laundering, tax evasion, even drug trafficking. His "approval" of bitcoin etfs in the bank to me seems like because he knows the benefit of using bitcoin but just refuses to admit it. He is most likely not wanting to be left behind so he has no choice but to allow the bank to offer bitcoin so they do not lose clients. “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin,” he said

This is most likely what will happen with other centralized banks. Forced to conform to the trend that is bitcoin to keep up with the times.

That's the most shameless turnaround I have seen in a last couple of years. Jemie was a full time Bitcoin critique and he has spoken negatively about it in multiple occasions. It's good to see that JPM is planning to allow it's customer to buy crypto. Eventually they will come into the custody business as well. It's just a matter of time!

Now only Warren Buffett is left. But looking at his age, we will ignore him and his comments on cryptos.

[uchegod-21]

So basically, they just want to earn from their clients buying Bitcoin without actually holding any Bitcoin themselves.

Honestly, it might be better for clients to just buy directly from exchanges and learn how to secure their assets properly. Banks aren’t really that helpful when it comes to Bitcoin investing. All they do is act as a bridge for traceable transactions and once that’s done, they collect their fees and call it a day.  

This is just another ETF thing..

JPMorgan will offer clients access to Bitcoin exchange-traded funds (ETFs)

They are just talking out of pride. If they don't want to be associated with Bitcoin, they should simply avoid anything that's linked to Bitcoin. Does it even make sense that they will only allow their customers to buy Bitcoins through their bank but won't hodl any for themselves?

I see JPMorgan and his group of like minds admiring Bitcoin from afar and would love to be actively involved with it, but are too proud to admit that they've been wrong all along. Give them a few more years, and they would be accumulating some Bitcoins for themselves. If Trump could turn around to see some potential in Bitcoin, then anyone could..