How America’s largest bank went from denigrating to embracing Bitcoin despite CEO Dimon’s resistance.

In recent years JPMorgan Chase, America’s largest bank, has undergone a transformation, going from Bitcoin enemy to facilitator of institutional capital’s entry into the digital asset world. Controversial is the figure of Jamie Dimon: the CEO who for years defined Bitcoin as “fraud,” now leads an institution that not only allows clients access to spot ETFs, contributing to Bitcoin’s institutionalization, but accepts these same instruments as collateral to obtain a loan.

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