The largest bank in the US, JPMorgan, is going to offer bitcoin to its clients and forces the industry to take a stand on crypto. The largest bank in the United States is going to offer bitcoin to its clients. JPMorgan will adopt the cryptocurrency after years of criticism, something that could represent a turning point in the industry. To date, the crypto offerings of the major entities on Wall Street are very limited, and the fact that Jamie Dimon's firm is going to change its stance regarding bitcoin could have a calling effect and encourage other competitors to follow suit. Donald Trump has relaxed the regulation of digital assets, which fosters their general adoption.
"I am not a fan of bitcoin. We are going to allow you to buy it and we will offer it for client accounts, but we are not going to custody it. I don’t think you should smoke, but I defend your right to do so. I defend the right of people to buy bitcoin," said Jamie Dimon, president and CEO of JPMorgan, at an investor meeting.$FUN