The JPMorgan CEO said the bank would allow investors to buy bitcoin, while warning of stagflation and sounding hopeful about regulations.

Armando added that JPMorgan’s network of advisors was told to discourage clients from investing in Bitcoin and cryptocurrency, further suppressing retail demand until the bank had amassed its positions. He said this approach allowed banks “to acquire all of these things at a reasonable price.”

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

Bitcoin price stabilizes around $105,200 on Tuesday, just 4% shy of its all-time high at $109,588. JPMorgan CEO Jamie Dimon says the bank will let clients buy Bitcoin. The Texas House is set to conduct a second reading of a bill that,

On the 16th of May, Eric Trump sparked conversation in the financial world by taking aim at JPMorgan Chase, questioning the relevance of traditional banking institutions in today’s rapidly evolving digital economy.

JPMorgan Chase & Co. will put its potential future leaders on display Monday at its annual investor day in Manhattan, offering shareholders a closer look at who might succeed Jamie Dimon as the bank continues its record-breaking profit streak.