In 2022, the JPMorgan Chase CEO, Jamie Dimon, called the cryptocurrency “Decentralized Ponzi schemes” at a hearing of the Financial Services Committee of the United States House. “I am a great skeptic in cryptographic tokens, which you call currency, like Bitcoin,” he said at that time.
But on Monday on the annual investor day of JPMorgan, Dimon said that JPMorgan Chase, the largest bank in the United States, will allow its customers to buy Bitcoin, for CNBC.
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“We will allow you to buy it,” Dimon said. “We are not going to guard it. We are going to put it in statements for customers.”
The JPMorgan Chase CEO, Jamie Dimon, offers a speech door at the Global Markets conference, before the Choice France summit, in Paris, on May 15, 2025. Michel Euler/AFP | Getty
The rival Morgan Stanley has allowed customers to buy Bitcoin ETF since August 2024.
Dimon has long cited Bitcoin’s risks, including money laundering. In Davos last year, he called him a “pet rock” that “does nothing.”
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But that does not mean that it will prevent other people from making their own financial decisions.
“I don’t think you should smoke, but I defend your right to smoke,” Dimon said. “I defend your right to buy Bitcoin.”