Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
JP Morgan’s Surprising Crypto U-Turn

JP Morgan’s Surprising Crypto U-Turn

Coinomedia2025/11/02 06:45
By: Isolde VerneIsolde Verne
BTC+2.87%SOL+5.13%
JP Morgan's CEO once dismissed crypto as a fraud. Today, he admits it's real. Here's how and why his views changed.From Skeptic to Believer: JP Morgan’s Changing Crypto ViewWhy the Change of Heart?What This Means for the Industry
  • JP Morgan CEO once labeled crypto a fraud
  • He now acknowledges crypto is real
  • Reflects the growing legitimacy of digital assets

From Skeptic to Believer: JP Morgan’s Changing Crypto View

Back in 2017, Jamie Dimon, the CEO of JP Morgan, made headlines when he called Bitcoin a “fraud” and warned investors to stay away. His strong stance was echoed across Wall Street, where many traditional financial leaders dismissed cryptocurrencies as speculative and dangerous.

Fast forward to today, and Dimon’s tone has noticeably shifted. In recent interviews and public statements, he has acknowledged that crypto, especially blockchain and certain digital assets, are “real” and have legitimate use cases.

This change in perspective marks a significant moment for the financial industry, highlighting how far crypto has come—from being ridiculed to being recognized by the same institutions that once rejected it.

Why the Change of Heart?

Several factors have influenced Dimon’s evolving stance. One major reason is the undeniable growth and resilience of the crypto market . Despite volatility, Bitcoin and other cryptocurrencies have established themselves as key parts of the global financial conversation.

Institutional interest has also surged. Companies like BlackRock, Fidelity, and even JP Morgan itself have launched crypto-related services, including Bitcoin funds and blockchain payment systems. JP Morgan’s own blockchain platform, Onyx, is proof of the bank’s growing involvement in the space.

While Dimon still maintains skepticism about some aspects of crypto—particularly its use in illicit finance—he no longer dismisses it entirely. Instead, he seems to acknowledge its technological potential and its role in shaping the future of finance.

⚡ THROWBACK: JP Morgan's CEO once called crypto a fraud.

Now he says that crypto is real.

Funny how times change.

What This Means for the Industry

Dimon’s reversal is more than just personal. It reflects a broader trend in which legacy financial institutions are warming up to crypto. What was once considered a fringe innovation is now being studied, regulated, and adopted at the highest levels of finance.

For crypto advocates, this is a sign of validation. For skeptics, it’s a reminder that even the most established voices can change their tune when faced with undeniable progress.

Read Also:

  • Dormant Solana Whale Buys 1.12M GHOST Tokens
  • Why Tokenized Deposits Can’t Beat Stablecoins
  • Smart Trader Adds to BTC, ETH, SOL Longs Worth $374M
  • Bitcoin Whale Moves 500 BTC to Kraken Amid Price Drop
  • US and China Confirm New Trade Deal
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Has the bear market really arrived?
Bitpush2025/11/05 19:06

Trending news

More
1
Bitcoin falls below the key $100,000 support level—where is the market bottom?
2
A whale's trading record: from a profit of 25 million to a loss of 30 million

Crypto prices

More
Bitcoin
Bitcoin
BTC
$104,229.22
+2.97%
Ethereum
Ethereum
ETH
$3,453.18
+4.78%
Tether USDt
Tether USDt
USDT
$0.9999
+0.00%
XRP
XRP
XRP
$2.3
+4.08%
BNB
BNB
BNB
$963.77
+3.52%
Solana
Solana
SOL
$162.9
+4.23%
USDC
USDC
USDC
$0.9999
+0.00%
TRON
TRON
TRX
$0.2890
+3.07%
Dogecoin
Dogecoin
DOGE
$0.1681
+5.03%
Cardano
Cardano
ADA
$0.5469
+4.47%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter