CMC News

JPMorgan Opens $BTC Trading Despite CEO Warning

JPMorgan Chase will allow clients to purchase $BTC through its asset management services.

CEO Jamie Dimon clarified "I am not a fan" of Bitcoin while announcing the decision at Investor Day.

The world's largest bank, with $4 trillion in assets, will not custody the cryptocurrency directly.

This marks a significant shift from Dimon's 2017 characterization of Bitcoin as "fraud."

Previously, Dimon told Congress that Bitcoin's "only true use case" is for criminals and money launderers.

JPMorgan recently completed its first public blockchain transaction involving tokenized U.S. Treasuries.

Dimon stated that blockchain technology "doesn't matter as much as you think" for the broader economy.

The CEO warned of high geopolitical risks and described current tariff rates as "pretty extreme" despite recent reductions.