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92 days

JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin

1. JPMorgan allows clients to buy bitcoin, marking a major shift. 2. Jamie Dimon remains skeptical, citing risks like money laundering. 3. The decision reflects bitcoin's growing mainstream acceptance. 4. Dimon has historically criticized bitcoin as 'worthless'. 5. Regulatory landscape is evolving, favoring crypto custody by banks.

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FAQ

Why Bullish?

The move may attract more institutional clients, similar to past crypto surges that benefited major banks.

How important is it?

This shift could position JPMorgan competitively in the evolving fintech landscape, potentially increasing market share.

Why Short Term?

Immediate market interest in crypto could drive up stock prices in the coming quarter.

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