JPMorgan CEO Jamie Dimon Says Clients Can Buy Bitcoin—But Bank Will Not Custody It

In Brief:

JPMorgan will allow clients to buy Bitcoin, CEO Jamie Dimon confirmed.

The bank itself won’t hold custody, and Dimon maintains his personal skepticism toward crypto.

Jamie Dimon, CEO of JPMorgan, has confirmed that the bank will permit clients to purchase Bitcoin, despite his ongoing personal skepticism toward the cryptocurrency. Speaking earlier this week, Dimon clarified that while JPMorgan will provide access to Bitcoin, it will not offer crypto custody services.

Dimon, a long-time critic of crypto, famously threatened to fire any JPMorgan employee trading Bitcoin back in 2017. While his stance on the asset hasn’t softened—he reiterated he’s "not a fan" of Bitcoin—he now acknowledges that client demand outweighs personal opinion.

“You can’t stop clients from doing what they want,” Dimon remarked, further emphasizing that JPMorgan must remain competitive in a shifting financial landscape, even if it means embracing assets he personally disapproves of.

Dimon also continues to downplay blockchain’s importance, recently stating that “blockchain does not matter as much as you think,” a comment that underscores his broader skepticism of the Web3 ecosystem.

Despite that, JPMorgan's evolving approach reflects a broader institutional trend—banks cautiously accommodating crypto interest while limiting their direct exposure.

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