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From Criticism to Opening Up: Jamie Dimon Allows JP Morgan to Buy Bitcoin – Breakthrough or Shift?
Jamie Dimon, CEO of JP Morgan – who has sharply criticized Bitcoin in the past, has just made waves by stating that the bank will allow customers to buy Bitcoin, though not directly custody it. Is this a sign that JP Morgan is keeping up with the cryptocurrency trend or just a strategic move?
Breakthrough Shift from Dimon
During the investor conference on Monday, Dimon – who previously called Bitcoin 'worthless', 'a scam', and even a 'pet rock' without value, while claiming he would 'close it down' if he could – surprisingly changed his tone. He stated, 'We will allow you to buy it, but we will not custody it. We will record it on customer statements.' This decision marks a turning point, although he still maintains his non-supportive view of crypto from 2023.
Breakthrough Shift from Dimon
During the investor conference on Monday, Dimon – who previously called Bitcoin 'worthless', 'a scam', and even a 'pet rock' without value, while claiming he would 'close it down' if he could – surprisingly changed his tone. He stated, 'We will allow you to buy it, but we will not custody it. We will record it on customer statements.' This decision marks a turning point, although he still maintains his non-supportive view of crypto from 2023.
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