JPMorgan CEO Jamie Dimon Shocks Crypto World: Bank to Let Clients Buy Bitcoin Despite Personal Skepticism

From "Worthless" to "You Can Buy It": Dimon's Surprising Pivot

Holy smokes, folks! Jamie Dimon, the big boss at JPMorgan, just dropped a bombshell! He's letting his clients get their hands on Bitcoin. Yeah, you heard that right—the same guy who's been trashing BTC left and right is now opening the doors for his customers to dive into the crypto ocean.

Dimon, who's been a notorious crypto skeptic and once called Bitcoin "worthless," made this jaw-dropping announcement at the bank's annual investor day on May 19, 2025. Can you believe it? The man who's been slamming the digital currency for years is now saying, "Go ahead, buy it!"

But hold your horses—there's a catch. While JPMorgan is letting its clients buy Bitcoin, they won't be holding onto it for them. Dimon's still not a believer, but he's letting his customers take the plunge. It's like he's saying, "I think you're crazy, but go ahead and jump."

On his personal stance about Bitcoin, Dimon laid it out pretty clear:

"I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin."

This guy's been all over the map with his Bitcoin bashing. He called it worthless back in 2021, doubled down at a Senate hearing in 2023, and went at it again in 2024 at the World Economic Forum in Davos. Just earlier this year, he even called it a "fraud." Talk about a hater!

Dimon hasn't minced words when it comes to his views on crypto and the whole ecosystem. He's told lawmakers he's always been "opposed to crypto, Bitcoin." According to him, the only real use for these things is for criminals, money laundering, and tax evasion. Yikes!

He's even gone as far as saying he'd shut Bitcoin down if he had the power. "If I was the government, I’d close it down," he said back in December 2023. That's some serious anti-Bitcoin energy!

But while Dimon's still throwing shade at BTC and the crypto world, the rest of the banking scene is warming up to it faster than a hot summer day.

Big shots like Morgan Stanley are getting more ambitious about tapping into the crypto market for their clients. It's like the whole industry is saying, "Hey, there's money to be made here!"

And it's not just the banks—the launch of Bitcoin spot exchange-traded funds is putting a massive spotlight on institutional demand. Plus, the tokenized assets market is on a serious upward swing, with players like BlackRock leading the charge.

Even the regulators are starting to play ball. The U.S. Securities and Exchange Commission, banking regulators, and others are shifting their approach, pushing crypto into widespread adoption around the globe. And let's not forget President Donald Trump's pro-crypto stance—it's all adding up to a pretty positive outlook for the future of digital currency.