JPMorgan Chase says 'no' with its words but 'yes' with its wallet! Bitcoin green light given, but Dimon still issues stern warning?

JPMorgan CEO Jamie Dimon, who once angrily labeled Bitcoin a 'scam', has suddenly softened his stance, announcing that the bank will allow clients to purchase Bitcoin but still refuses to provide custody services. This shift not only contradicts his previous position but also marks a significant loosening of Wall Street's attitude towards crypto assets.

Key Turning Point:

JPMorgan will include Bitcoin in client asset statements and support investments through spot ETFs, completely abandoning its previous conservative model limited to futures products. This decision aligns it with peers like Morgan Stanley, seizing the opportunity to position institutional clients in Bitcoin early.

But Dimon remains defiant:

He reiterated his caution towards cryptocurrencies, stating they could be used for illegal activities. Although he clearly stated, 'No custody, no touching physical coins', he reluctantly added, 'I oppose it, but you have the right to buy it.'

Global Enthusiasm Unabated:

Canadian Quantum Biopharma's holdings have soared to $4.5 million, planning to earn profits through staking;

Asian medical company Basel Medical has splurged $1 billion on purchasing coins;

Meanwhile, a Chinese printing equipment company has been reported to use malicious drivers to steal Bitcoin, raising security concerns.

Conclusion:

Dimon denies it verbally, but actions follow the trend closely. This is a Bitcoin moment that the traditional financial circle cannot ignore, even the staunchest opponents are beginning to 'open the door' for clients. The storm has risen, are you still watching?