In 2022, JPMorgan Chase CEO Jamie Dimon called cryptocurrency “decentralized Ponzi schemes” at a U.S. House Financial Services Committee hearing. “I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin,” he said at the time.
But on Monday at JPMorgan’s annual investor day, Dimon said that JPMorgan Chase, the U.S.’s largest bank, will allow its clients to buy Bitcoin, per CNBC.
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“We are going to allow you to buy it,” Dimon said. “We’re not going to custody it. We’re going to put it in statements for clients.”
JPMorgan Chase CEO Jamie Dimon delivers