JP Morgan Boss Jamie Dimon Says Bank Will Allow Clients to Buy Bitcoin

JP Morgan's CEO Jamie Dimon announced that the bank will soon permit customers to purchase Bitcoin, a notable shift from his previous criticisms of the cryptocurrency. During the bank's annual investor day, Dimon stated JP Morgan would not be holding Bitcoin in custody but would facilitate client purchases and include it in their statements. This change aligns with a broader acceptance of cryptocurrencies in traditional finance, despite Dimon's historical opposition, where he labeled Bitcoin as a "fraud" and highlighted its association with criminal activity