JPMORGAN CHASE'S BITCOIN MOVE....
JPMorgan Chase announced that it will allow its customers to purchase Bitcoin. The bank's CEO, Jamie Dimon, revealed this decision during the annual investor day, stating, "We will allow you to buy." (Hürriyet, 2025). However, the bank specified that it will not offer custody services for Bitcoin and will only record transactions based on customer declarations. It is known that Dimon has harshly criticized cryptocurrencies in the past. He referred to Bitcoin as a "fraud" in 2017 (Huang, 2025). Therefore, this step is seen as a significant shift in the bank's attitude towards digital assets.
The decision is an indication that Bitcoin is gaining acceptance in the mainstream financial world. Other sources indicate that JPMorgan's move aligns with the growing interest of institutional investors in cryptocurrencies. According to Reuters, the bank aims to gain a competitive advantage with this step (Reuters, 2025). On the other hand, the decision not to offer custody services reflects security and regulatory concerns.
