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JPMorgan CEO Jamie Dimon said that the bank will sell Bitcoin to its clients as institutional adoption around the leading crypto continues to grow.
Speaking at the bank’s annual investor day on May 19, Dimon said he would let clients buy BTC, but said JPMorgan will not hold it for them.
The move is considered a major win for crypto, not least because of Dimon’s past criticism of the king of cryptos. While he maintained his skepticism toward digital assets, he said that he will “defend” his clients’ “right to buy Bitcoin” regardless of his views.
JPMorgan is the latest institution to embrace Bitcoin, joining the likes of other Wall Street rivals including BlackRock and Morgan Stanley.
A Meme Coin Offering Investors Free Bitcoin
JPMorgan’s move also reflects a shift in mood as Bitcoin approaches $105K, after soaring nearly 24% over the past month. Riding this wave is BTC Bull Token (BTCBULL), a meme coin that rewards holders with real Bitcoin airdrops as BTC climbs.
The project is built on the belief that the largest crypto by market cap will soar to $1 million per coin and beyond. BTC Bull Token will celebrate certain price milestones by either executing BTC airdrops or BTCBULL token burns.
The first BTC airdrop will happen when the crypto king hits $150K for the first time. Every subsequent $50K milestone Bitcoin achieves will then trigger another airdrop. This presents investors with an alternative, more cost-effective way to build BTC exposure as opposed to buying Bitcoin directly.
Similarly, the BTCBULL token burns will happen with every new $25K milestone Bitcoin reaches, starting at $125K. By reducing supply, the burns will put upward pressure on the BTCBULL price.
BTCBULL Presale Charges Past $6 Million – The Next Big Crypto?
BTCBULL’s presale has charged past $6 million, indicating strong demand for what the project has to offer.
Popular YouTube channel 99Bitcoins, which has over 723K subscribers, says BTCBULL might 10X once it goes live.
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