Jamie Dimon on JPMorgan Allowing Bitcoin Purchases

Jamie Dimon, CEO of JPMorgan Chase and a known Bitcoin critic, announced that the bank will let clients purchase Bitcoin, although it won't provide custody services. Despite his skeptical view on Bitcoin, labeling it a Ponzi scheme earlier, JPMorgan continues to engage with blockchain technology. Dimon acknowledged the challenges faced by banks in crypto and noted that while the U.S. government poses restrictions, it also offers pathways for engagement. The Federal Reserve supports banks engaging with crypto, provided risks are managed. This stance reflects evolving attitudes in traditional finance towards digital assets.