JPMorgan CEO Jamie Dimon Once Called Bitcoin A ‘Pet Rock’ — Now He Says Crypto, Stablecoins Are ‘Real, We’ll All Use Them’
Posted On October 30, 2025
JPMorgan Chase (NASDAQ:JPM) CEO and longtime Bitcoin (CRYPTO: BTC) critic Jamie Dimon has acknowledged that crypto, blockchain, and stablecoins are “real.”
This marks a notable shift in tone as his bank prepares to let institutional clients use Bitcoin and Ethereum (CRYPTO: ETH) as loan collateral by the end of 2025.
What Happened: Speaking at Saudi Arabia’s Mega Investment Summit in a discussion between Goldman, JPMorgan, BlackRock, Dimon said, “Crypto is real. Blockchain is …
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