JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin

The bank is looking at offering clients access to bitcoin ETFs, according to a person briefed on its plans. Until now, the company has limited its crypto exposure primarily to futures-based products, not direct ownership of bitcoin.

When crypto valuations were soaring in 2021, Dimon dismissed bitcoin as "worthless." He told lawmakers during a Senate hearing in late 2023 that he's "always been deeply opposed to crypto, bitcoin, etc.," and that, "The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance." He said at the hearing that, "If I was the government, I'd close it down."