Reported 1 day ago
In a surprising turn, JPMorgan Chase CEO Jamie Dimon announced that bank clients will now be able to purchase Bitcoin for their accounts, despite his past criticisms of the cryptocurrency. This move reflects increasing demand from clients and a broader acceptance of crypto on Wall Street, potentially leading to significant changes in Bitcoin allocations. Dimon remains skeptical about Bitcoin, comparing it to a harmful product while supporting clients' rights to invest. Investors are advised to consider Bitcoin's volatility before diving in.
Source: YAHOO