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.”

Key Takeaways Bitcoin hit a new record high of more than $111,800 around midnight ET Thursday, lifting shares of cryptocurrency-related firms.The digital asset hit the $110,000 mark for the first time Wednesday.

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

Like many other cryptocurrencies, Bitcoin suffered through a prolonged slump in the months between, falling as low as $75,000 in March. Its price has climbed steadily ever since a

The price of Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month's tariff-induced sell-off.The world's largest cryptocurrency touched a high of $109,

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.