Key Takeaways:
- Jamie Dimon, once a vocal crypto critic, now supports stablecoins and blockchain due to customer demand.
- JPMorgan plans to issue a deposit coin and stablecoin products, expanding its digital asset offerings.
- The bank partnered with Coinbase and may offer Bitcoin-backed loans by 2026.
Jamie Dimon, CEO of JPMorgan and once a staunch critic of cryptocurrencies, now says he’s a “believer” in stablecoins and sees value in blockchain technology.
In a recent CNBC interview, Dimon emphasized that JPMorgan’s embrace of digital assets is driven by customer demand, not personal enthusiasm.
🎥 WATCH: Jamie Dimon on CNBC sounds like he’s finally bending the knee to crypto.
— CryptosRus (@CryptosR_Us) August 1, 2025
🔹 “I’m a believer in stablecoins.”
🔹 “I’m a believer in blockchain.”
🔹 “We did a deal with Coinbase… we’ll be in it.”
🔹 “It’s what the customer wants, not what JPMorgan wants.”
For a guy… pic.twitter.com/G6cYxUSDrG
The shift marks a dramatic evolution from his past remarks – calling Bitcoin a “fraud” in 2017 and “useless as a pet rock” in 2018.
Even as recently as early 2025, he cited Bitcoin’s ties to illicit activity.
Despite his skepticism, JPMorgan has been rapidly expanding into the crypto space.
In mid-July, Dimon confirmed the bank plans to issue a deposit coin and other stablecoin products.
On Wednesday, JPMorgan announced a partnership with Coinbase allowing Chase users to buy crypto and redeem rewards for USDC.
The bank is also exploring offering Bitcoin-backed loans as early as 2026.
Dimon’s evolving stance reflects JPMorgan’s strategy to remain competitive and responsive to growing institutional and retail interest in digital assets, especially as global financial infrastructure increasingly embraces blockchain-based solutions.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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