JPMorgan Chase’s CEO Jamie Dimon has long been one of Bitcoin’s most vicious skeptics. In 2017, he said he would fire any employee who traded Bitcoin for being “stupid,” and called it a “fraud.” Last year, he called the cryptocurrency a “pet rock.”
But this week, Dimon announced that JPMorgan Chase would allow its clients to buy Bitcoin. He said it with a grimace on his face, speaking at JPMorgan Chase’s investor day, and rattled off a list of criticisms shared by other Bitcoin cynics, including that the currency facilitated sex trafficking and terrorism. But he conceded that his clients could do what they wished with their money. “I don’t think you should smoke, but I defend your right to smoke. I defend your right…
