JP Morgan CEO "Will Allow Customers to Buy Bitcoin (BTC)"

Source
JH Kim

Summary

  • JP Morgan's CEO Jamie Dimon, who was previously critical of Bitcoin, stated that he will allow customers to buy Bitcoin.
  • CEO Dimon emphasized that they will not provide Bitcoin custody services, while acknowledging the acceptance of virtual assets in the mainstream.
  • BTC is currently trading at $104,913.04, down 0.46% from the previous day.

On the 19th (local time), according to virtual asset (cryptocurrency) specialized media Walter Bloomberg, Jamie Dimon, CEO of JP Morgan, the largest bank in the United States, who has maintained a critical stance on Bitcoin (BTC), stated, "I am not a fan of Bitcoin, but I will allow customers to buy Bitcoin," adding, "However, we will not provide custody services for it."

Previously, he mentioned, "Although virtual assets are gradually being accepted in the mainstream, they do not have intrinsic value, and (JP Morgan) is not prepared to adopt them."

In the past, he has remarked, "Bitcoin is a bubble fraud," and "If I were in a high government position, I would have banned virtual assets."

Meanwhile, BTC is trading at $104,913.04, down 0.46% from the previous day, as of 01:27 on the 20th in the Binance Tether (USDT) market.

publisher img

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
What did you think of the article you just read?