Jamie Dimon Once Called Bitcoin A ‘Fraud’—Now JPMorgan Might Lend Against It
JPMorgan Chase (NYSE:JPM) is reportedly preparing to offer loans backed by cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), marking a significant step toward integrating digital assets into traditional finance.
If finalized, the initiative could begin as early as next year, The Financial Times reported on Tuesday, quoting sources familiar with the bank’s plans.
What Happened: While details remain under review and subject to change, the potential move highlights a broader shift among major U.S. banks toward embracing crypto finance.
This development contrasts sharply with CEO Jamie Dimon‘s earlier stance.
Once a vocal critic who labeled Bitcoin a “fraud” in 2017, Dimon has since softened his rhetoric.
In May, he said that while he personally doesn’t …
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