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Seeking Alpha 2021-10-11 17:07:44

JPMorgan will give clients access to bitcoin, though Dimon calls bitcoin 'worthless'

While JPMorgan Chase (JPM -1.5%) chief Jamie Dimon staunchly remains crypto-skeptic, his bank is willing to offer its clients access exposure to the digital tokens. "I personally think that bitcoin is worthless," he said during an Institute of International Finance event on Monday, a view he has touted for years. If JPMorgan clients they want access to buy bitcoin, "we can't custody it, but we can give them legitimate, as clean as possible access," he said. Meanwhile, bitcoin climbs 3.3% to $57.3K, rising 25% in the past month. Notorious for calling bitcoin a fraud in 2017, Dimon later said he regretted that characterization, but also said he had no interest in the cryptocurrency.

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