Jamie Dimon acknowledges JPMorgan clients’ interest in Bitcoin

Jamie Dimon, the head of JPMorgan, confirmed that the bank’s clients are interested in Bitcoin, although he himself remains skeptical about the digital asset. He заявил at the WSJ CEO Council summit.

«I am not a proponent of Bitcoin. It does not excite me and does not interest me», said Dimon.

However, he acknowledged that he diverges in opinion from clients:

«On the other hand, they are interested, and I’m not telling them what to do,»

Earlier, JPMorgan’s CEO had repeatedly criticised the cryptocurrency, vowed to fire employees trading digital assets, and called Bitcoin investors fools.

Nevertheless, under his leadership the bank has become increasingly involved in the crypto industry. In 2021 it emerged that JPMorgan to launch an investment product based on a basket of stocks tied to digital assets.

Media also reported the bank’s plan to give clients access to the first cryptocurrency through a Bitcoin fund.

JPMorgan is actively pursuing projects in distributed ledger technology. In 2020 the bank revived the JPM Coin stablecoin project on blockchain and created the Onyx division, which focuses on technology and digital currency.

«Blockchain is real, we use it,» Dimon noted.

Earlier, JPMorgan, together with DBS Bank and Temasek of Singapore, announced the development of an industry platform based on DLT technology for interbank payments, trading and settlements in foreign currency.

Follow ForkLog news on VK!