JPMorgan Chase Finally allowed customers to purchase Bitcoin. But CEO Jamie Dimon remains a skeptic.

"We will allow you to buy it," Dimon said on Monday's annual Investor Day. "We will not detain it. We will put it in the customer's statement."

The decision is a notable step for the largest U.S. banks, especially as Dimon has widely criticized the history of digital currency and crypto markets, which is the latest sign that Bitcoin has entered mainstream investment. Since August Morgan Stanley Allow its financial advisers to invest some spot bitcoin exchange-traded funds to qualified clients.

Dimon made it clear that his personal perception of Bitcoin remained the same, highlighting issues such as money laundering and a lack of clarity around ownership, and “sex trafficking, terrorism.”

"I don't think you should smoke, but I defend your right to smoke," said Dimon. "I defend your right to buy Bitcoin."

According to a person briefing its plans, the bank is considering providing customers with access to Bitcoin ETFs. So far, the company has primarily limited its cryptocurrency to futures-based products rather than products that directly own Bitcoin.

When crypto valuations soar in 2021, Dimon sees Bitcoin as “worthless.” He sued lawmakers at a Senate hearing in late 2023 that he "has always opposed cryptocurrencies, bitcoin, etc.," and "the only real use cases are criminals, drug dealers... money laundering, tax avoidance, tax avoidance". "If I were the government, I would close it."

"Bitcoin does nothing. I call it pet rock," Dimon said at the World Economic Forum 2024 in Davos, Switzerland. He added: "This is the last time I have talked to CNBC about this issue, so please help me."

Morgan Stanley CEO Ted Pick told CNBC at an event in Davos this year that investment banks are exploring ways to deepen their participation in the cryptocurrency market, thus navigating the regulatory landscape under President Donald Trump’s pro-Claputo administration.

Since Trump took office in January, the Federal Deposit Insurance Company and the currency's auditor-general's office have canceled their anti-Criputo guidance, and the Federal Reserve has partially followed the lawsuit. The Fed's notice in January 2023 continues to restrict banks from certain crypto-related activities. Although banks can now monitor encryption Digital Assets Company.

watch: Dimon says his term is "depend on the board"