JPMorgan Breaks Ranks—Opens Bitcoin Floodgates for Clients

Wall Street’s crypto resistance crumbles as Jamie Dimon greenlights Bitcoin access for JPMorgan clients. The same CEO who once called Bitcoin ’a fraud’ now quietly capitulates to demand.

Goldman Sachs did it. Morgan Stanley caved. Now even the most vocal Bitcoin skeptic bank joins the herd—proving once again that in finance, principles bend faster than a yield curve when profits beckon.

No custody solution? No problem. The bank reportedly plans to route orders through trusted third parties—because nothing says ’institutional adoption’ like outsourcing your security.

JPMorgan Allowing Clients to Buy Bitcoin, Jamie Dimon Confirms

The digital asset sector has been the subject of increased mainstream attention throughout the early parts of 2025. That has not shifted JPMorgan CEO Jamie Dimon’s perspective on the asset, however. At the start of the year, the executive went as far as to call the asset a “Ponzi scheme” with no real value.

His position will not impede the progress made by the investment bank he heads, it seems. Indeed, JPMorgan is set to allow its clients to buy Bitcoin, CEO Dimon confirmed. Specifically, the statement was made at the asset managers’ 2025 Investor Day event.

Dimon’s anti-Bitcoin sentiment has been a continued position he has not moved off from. In March of last year, he was very clear in his stance regarding its acceptance and place in modern finance. Although he didn’t like it, he defends a person’s willingness to embrace it.

“I don’t know what Bitcoin itself is for, but I defend your right to smoke a cigarette. I’ll defend your right to buy Bitcoin. I won’t personally ever buy Bitcoin,” Dimon said. He has called the asset a “pet rock,” but is seemingly practicing what he preaches. Therefore, JPMorgan is set to allow its clients to purchase the asset that has returned to a six-figure price and is knocking on the door of a fresh all-time high in 2025.