JPMorgan CEO Jamie Dimon Once Called Bitcoin A 'Pet Rock' — Now He Says Crypto, Stablecoins Are 'Real, We'll All Use Them'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. 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. Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with mo ...