JPMorgan to Allow Bitcoin Purchases Without Custody Services
- JPMorgan will permit clients to buy Bitcoin but will not offer custody services.
- CEO Jamie Dimon confirmed this change during the company’s investor day event.
- Dimon previously criticized Bitcoin, calling it a “fraud” in 2017.
- Despite skepticism, JPMorgan has engaged in blockchain initiatives, executing a transaction on a public blockchain recently.
- The digital asset reached its highest-ever weekly close at just under $106,500.
JPMorgan’s decision to allow clients to purchase Bitcoin marks a significant shift from CEO Jamie Dimon’s earlier criticisms of the cryptocurrency. Although Dimon remains skeptical, the firm continues to explore blockchain technology through various initiatives.
Source (2.6)https://cryptobriefing.com/jpmorgan-bitcoin-shift-dimon/?rand=59535
