JPMorgan Chase’s decision to let clients buy Bitcoin without the bank’s custody marks the end of a strategy that crypto investor Armando Pantoja insists he saw coming for years. “I didn’t believe Jamie Dimon really believed what he was saying,

Dimon made it clear that his personal view of bitcoin remains unchanged, highlighting issues like money laundering and the lack of clarity surrounding ownership.

Bitcoin soared to a fresh record on Wednesday amid increasing acceptance of cryptocurrencies on Capitol Hill and Wall Street.

Companies owned by JPMorgan, Bank of America, Citigroup, and Wells Fargo are considering launching a joint stablecoin.

Jamie Dimon reluctantly embraces Bitcoin, while Vanguard remains the last giant holdout. - The move underscores the expanding institutional adoption of Bitcoin.

The cryptocurrency rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve.

Bitcoin surged to a fresh record high on Thursday, fuelled by optimism that the US Congress will soon pass a bill ill for stablecoin- the GENIUS Act, which is set to be the first regulatory framework under the Trump Administration.

The action by JPMorgan is consistent with a broader trend in financial institutions jumping into cryptocurrency products.