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    Home»Bitcoin News»JPMorgan To Allow Clients To Buy Bitcoin, Jamie Dimon Says
    Bitcoin News

    JPMorgan To Allow Clients To Buy Bitcoin, Jamie Dimon Says

    Team_SimonCryptoBy Team_SimonCryptoMay 19, 2025No Comments3 Mins Read
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    Right this moment, Chairman and CEO of JPMorgan Chase Jamie Dimon reiterated his private disapproval of Bitcoin throughout the financial institution’s annual Investor Day occasion. Regardless of the financial institution’s determination to offer purchasers with entry to Bitcoin investments, Dimon emphasised his private disapproval of Bitcoin.

    “I’m not a fan” of Bitcoin, acknowledged Dimon.

    JPMorgan goes to permit purchasers to purchase Bitcoin, however the financial institution received’t custody it, in keeping with Bloomberg. Dimon made clear that whereas JPMorgan will present purchasers entry to Bitcoin investments, the financial institution won’t maintain or handle the digital asset immediately. 

    In a January 2025 interview with CBS News, Dimon expressed continued skepticism towards Bitcoin. “Bitcoin itself has no intrinsic worth. It’s used closely by intercourse traffickers, cash launderers, ransomware,” stated Dimon. 

    Though he acknowledged, “We’re going to have some sort of digital foreign money in some unspecified time in the future,” he added, “I simply don’t really feel nice about bitcoin. I applaud your potential to wanna purchase or promote it. Similar to I believe you may have the best to smoke, however I don’t assume it’s best to smoke.”

    These feedback from Dimon distinction with current optimism from JPMorgan analysts relating to Bitcoin’s market prospects. JPMorgan analysts reported that Bitcoin is prone to proceed gaining floor at gold’s expense within the second half of the 12 months, pushed by rising company demand and rising assist from U.S. states.

    “Between mid-February and mid-April gold was rising on the expense of bitcoin, whereas of the previous three weeks we’ve been observing the alternative, i.e. bitcoin rising on the expense of gold,” stated JPMorgan analysts. “In all, we anticipate the YTD zero sum recreation between gold and bitcoin to increase to the rest of the 12 months, however are biased in direction of crypto-specific catalysts creating extra upside for bitcoin over gold into the second half of the 12 months.”

    Since April 22, gold has dropped almost 8%, whereas Bitcoin has surged 18%, reflecting a notable shift in investor sentiment. Capital has been shifting out of gold ETFs and into Bitcoin. A number of U.S. states are additionally warming to Bitcoin—New Hampshire now permits as much as 5% of its reserves in Bitcoin, whereas Arizona is launching a Bitcoin reserve and has pledged to not increase taxes this 12 months. On the company stage, corporations like Technique and Metaplanet are increasing their Bitcoin holdings.

    “Because the listing grows, with different U.S. states probably contemplating including bitcoin to their strategic reserves, this might transform a extra sustained constructive catalyst for bitcoin,” stated the analysts.



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