cryptoplaza

Jamie Dimon, CEO of JP Morgan, the largest US bank, has just announced that he will allow his clients to buy bitcoin, although the bank will not hold it in custody.

This is the evolution of the 'Dimon' doctrine regarding bitcoin:

Dimon (2017): 'If any JPMorgan employee conducts bitcoin investment transactions on behalf of the bank, they will be fired in a second. Bitcoin is against the rules and ethics of our bank.”

Dimon (2023): “The only real use case for bitcoin is for criminals, drug dealers, money laundering and tax evasion. If I were the government, I would shut it down.”

Dimon (2025): “We're going to allow you to buy bitcoin. I don't think you should smoke. But I defend your right to do so. Likewise, I defend your right to buy bitcoin.”

The consistency of 'friend' Jamie's ethical convictions can be summed up in this famous phrase: “These are my principles. If you don't like them, I have others”. 🤡