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JPMorgan Bends the Knee: Dimon Greenlights Bitcoin for Clients After Years of Trashing Crypto
JPMorgan Bends the Knee: Dimon Greenlights Bitcoin for Clients After Years of Trashing Crypto
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Wall Street’s most notorious crypto skeptic just flipped the script. Jamie Dimon—the same CEO who once threatened to fire JPMorgan traders for dabbling in Bitcoin—is now rolling out the red carpet for client crypto purchases. Talk about a plot twist worthy of HBO’s ’Succession.’
Behind the scenes: This 180-degree pivot comes as institutional demand hits escape velocity. Even dinosaur banks can’t ignore the $2T elephant in the room anymore.
The fine print? JPMorgan will reportedly act as a middleman for Bitcoin ETFs—not direct custody. Because nothing says ’trustless revolution’ like adding three layers of Wall Street rent-seekers.
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