JPMorgan CEO Jamie Dimon addressed various topics Monday at the firm’s investor day meeting.
by Reed Alexander
Business Insider
Jamie Dimon isn’t a fan of bitcoin, but he plans to start offering it to clients of JPMorgan Chase, nonetheless.
“We are going to allow you to buy it. We’re not going to custody it. We’re going to put it in statements for clients,” Dimon said Monday at the bank’s annual presentation for investors.
“I don’t think you should smoke. But I defend your right to smoke,” he said in explaining his position.
The bitcoin comments came as the JPMorgan CEO, often considered Wall Street’s elder statesman, took the stage to answer questions from investors and research analysts. In the roughly 40-minute session, he touched on various topics, from the economy to what he expected from President Donald Trump’s regulators.