“We are going to allow you to buy it,” Dimon said. “We’re not going to custody it. We’re going to put it in statements for clients.”

The move doesn’t mean JPMorgan will hold crypto directly. But listing it on client statements is a clear signal that bitcoin is gaining acceptance among traditional financial institutions.

Dimon: Still Skeptical Despite Policy Shift

Despite the policy change, Dimon remains deeply critical of bitcoin and the broader crypto space.

He pointed to concerns about illegal activity. “The money laundering, the sex trafficking, the terrorism,” he said, warning about the risks tied to crypto transactions.

Dimon added, “I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy bitcoin.”

Wall Street Warms Up to Bitcoin Access

JPMorgan’s pivot follows similar steps by rivals like Morgan Stanley, which began offering access to spot bitcoin ETFs to certain clients last year.

This shift shows how investor demand is forcing Wall Street to adapt—even as top executives like Dimon remain wary of crypto’s role in the financial system.

The post JPMorgan Finally Lets Clients Buy Bitcoin appeared first on Coindoo.

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Filed under: Bitcoin - @ May 19, 2025 9:27 pm