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Jamie Dimon acknowledges interest of JPMorgan clients in bitcoin


JPMorgan CEO Jamie Dimon has confirmed that the bank’s clients are interested in the first cryptocurrency, although he himself remains a skeptic about the digital asset. He stated this during the CEO Council summit organized by the WSJ.

“I’m not a bitcoin supporter. I don’t care and don’t care about him, ”said Daimon.

However, he admitted to disagreeing with clients:

“On the other hand, they are interested, and I am not telling them what to do.”

Previously, the CEO of JPMorgan has repeatedly criticized cryptocurrency, promised to fire employees trading in digital assets, and called bitcoin investors stupid.

Despite the attitude towards Daimon’s flagship, the bank he runs is increasingly drawn into the crypto industry. In 2021, it became known about JPMorgan’s plans to launch an investment product based on a basket of stocks of companies associated with digital assets.

The media also announced the bank’s intention to open clients access to the first cryptocurrency through a bitcoin fund.

JPMorgan is actively involved in distributed ledger technology projects. In 2020, the bank revived the blockchain-based JPM Coin stemcoin project and created the Onyx division that focuses on technology and digital currency.

“The blockchain is real, we use it,” said Daimon.

Earlier, JPMorgan, jointly with DBS Bank and Singapore-based investment group Temasek, announced the development of an industry platform based on DLT technology for interbank payments, trade and foreign currency settlements.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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