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JP Morgan’s Dimon Bends the Knee: Bank to Open Bitcoin Floodgates for Clients
JP Morgan’s Dimon Bends the Knee: Bank to Open Bitcoin Floodgates for Clients
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Wall Street’s crypto resistance crumbles—again. Jamie Dimon, who once called Bitcoin ’a fraud,’ now greenlights client access through America’s biggest bank. The irony? Thick enough to cut with a steak knife from the bank’s private dining room.
Behind the pivot: pure profit calculus. JPMorgan’s blockchain experiments fizzled, but client demand keeps growing. When the whales want exposure, even dinosaur banks learn new tricks.
Cynical take: Nothing moves faster than a banker chasing fees—except maybe their PR team rewriting history. Remember when crypto was ’worse than tulip bulbs,’ Jamie?
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