JPMorgan Chase CEO Jamie Dimon Just Delivered Incredible News to Bitcoin Investors
In yet another sign of just how mainstream crypto has become in the past year, JPMorgan Chase (NYSE: JPM) Chief Executive Officer Jamie Dimon just said at the company's annual investor day event that clients will now be able to buy Bitcoin (CRYPTO: BTC) for their accounts. That's big news because Dimon has been a vocal and longtime Bitcoin skeptic.This could open the door for Bitcoin to soar if the move by JPMorgan Chase encourages other investment companies to unlock crypto for their clients. Here's a closer look.There are several possible reasons JPMorgan Chase finally gave in. First and foremost, the new pro-crypto policies of the administration of President Donald Trump are making it much easier for companies to embrace crypto. Wall Street now has plenty of financial products, including the new spot Bitcoin exchange-traded funds (ETFs), to offer clients.Continue reading
In yet another sign of just how mainstream crypto has become in the past year, JPMorgan Chase (NYSE: JPM) Chief Executive Officer Jamie Dimon just said at the company's annual investor day event that clients will now be able to buy Bitcoin (CRYPTO: BTC) for their accounts. That's big news because Dimon has been a vocal and longtime Bitcoin skeptic.
This could open the door for Bitcoin to soar if the move by JPMorgan Chase encourages other investment companies to unlock crypto for their clients. Here's a closer look.
There are several possible reasons JPMorgan Chase finally gave in. First and foremost, the new pro-crypto policies of the administration of President Donald Trump are making it much easier for companies to embrace crypto. Wall Street now has plenty of financial products, including the new spot Bitcoin exchange-traded funds (ETFs), to offer clients.
