Customers of JPMorgan Chase (JPM) will soon have the opportunity to buy Bitcoin
According to CEO Jamie Dimon, who spoke on the bank’s annual investor day on Monday and signaled a shift in how the company is approaching the asset.
“We will give you the opportunity to buy it,” Dimon told the shareholders, though he added that the bank has no plans to keep the asset in custody.
Dimon, long known for his skepticism about cryptocurrency, doubled in his final remarks, and said he is still “not a fan” of Bitcoin, mainly because of its use for illegal activities, including sex shop and laundering
He also pushed back on the industry’s hype around blockchain technology and argued that it is less important than it is done – even when JPMorgan continues to build in space.
“We’ve been talking about blockchain for 12 to 15 years,” he said. “We spend too much on it. It doesn’t mean as much as you all think.”
The bank’s own blockchain platform, Kinexys, recently ran a test transaction on a public blockchain for the first time he settled in Tokenized US Treasurer on the Ondo Chain’s test network.
