In 2022, Jamie Demon, CEO of JP Morgan Chase, called Cryptocurrency in the US House Financial Services Committee a “ventricted ponze scheme”. Listening. He said at the time, “I am a big skeptical on a crypto token, which you call a currency like Bitcoin.”
But on Monday, JP Morgan’s annual investors, Demon, the largest bank in the United States, JP Morgan Chase, will allow its clients to buy bitcoin, Per CNBC.
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“We’re allowing you to buy it,” said Demon. “We’re not taking it into custody. We’re going to put it in statements for clients.”
JP Morgan Chase CEO Jamie Demon presented a speech during a global market conference, before the French Summit, in Paris, in Paris, in May 15, 2025. Michelle Yoller/Pool/AFP | Deate
Rival Morgan Stanley has allowed clients Buy BitCoin Etfs from August 2024.
Demon has long cited Bitcoin’s dangers, including money laundering. In Davos last year, He called him A “pet rock” that “does nothing.”
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But that does not mean that he will prevent other people from making their financial choices.
“I don’t think you should smoke, but I defend your right to smoke,” said Demon. “I defend your right to buy BitCoin.”