JPMorgan CEO Jamie Dimon is once again sharing his disdain for the Bitcoin cryptocurrency, saying he isn’t a fan. Speaking at the bank’s 2025 Investor Day event., the CEO said explicitly “I am not a fan of Bitcoin.” He also stated that JPMorgan will never custody bitcoin, however they will allow clients to purchase it.
“I don’t know what Bitcoin itself is for, but I defend your right to smoke a cigarette. I’ll defend your right to buy Bitcoin. I won’t personally ever buy Bitcoin,” Dimon said. Therefore, JPMorgan is set to allow its clients to purchase the asset that has returned to a six-figure price and is knocking on the door of a fresh all-time high in 2025.
Dimon has long been a critic of the value of Bitcoin specifically. Although he has also reassured his belief in cryptocurrencies as a concept, he has not shared the same faith in BTC, calling the project nothing more than a “pet rock.” His latest criticism comes though, as BTC is back above $104,000.
Jamie Dimon’s anti-Bitcoin sentiment has been a continued position he has not moved off from. In March of last year, he was very clear in his stance regarding its acceptance and place in modern finance. Although he didn’t like it, he defends a person’s willingness to embrace it.
Also Read: US Dollar Dethroned: Only 60% Global Reserves Still Bet on Its Reign
Indeed, the JPMorgan CEO has said multiple times as well that he isn’t a fan and would eliminate Bitcoin if he could. Back in 2023, Dimon said he would close down Bitcoin and crypto if he were the US Government. Despite this, JPMorgan as a whole has changed its stance on digital assets. Specifically, the bank had officially settled its first public transaction of tokenized treasuries just last week.
Working alongside both Chainlink and Ondo Finance, the settlement was a massive step into blockchain technology that is indicative of a shifting sentiment for the bank.
