Jamie Dimon’s Tone on Crypto Shifts in 2025
In a recent interview published on YouTube titled Jamie Dimon’s World View, the JPMorgan Chase CEO offered a more open view on Bitcoin and blockchain than in years past — a significant change for one of Wall Street’s most outspoken crypto skeptics.
At minute 4:00 of the conversation, Dimon told the audience:
“Gold could easily go to $5,000 or $10,000 in environments like this… it’s semi-rational to have some in your portfolio.”
He followed by saying:
“I’m not going to say about Bitcoin … but the underlying technology — blockchain — is real. Stable coins may have a real use. We have the JP Morgan Coin. Tokens will be real. Programmable money will be real.”
That acknowledgment — that blockchain and tokens will play a long-term role — marks a softer stance compared with Dimon’s 2017 remark calling Bitcoin “a fraud.” It reflects how major financial institutions have evolved from dismissing to integrating blockchain technology.
From Skepticism to Strategic Adoption
JPMorgan Chase now operates JPM Coin, a blockchain-based payment system used by institutional clients for near-instant settlements (source: CNBC). In 2023, the bank also introduced the Onyx Digital Assets platform for tokenized collateral (BoostyLabs, Aug 2024).
Dimon’s comment that “programmable money will be real” echoes what many analysts, including the Bank for International Settlements (BIS), describe as the next phase of digital finance — where tokenized deposits and CBDCs interact (BIS Annual Economic Report 2023).
Gold, Bitcoin and the Search for Safety
Dimon grouped gold and crypto in the same conversation about asset prices being historically high, admitting that owning some gold may now be “semi-rational.” That contrasts with his usual hard-line preference for productive assets over stores of value.
While he stopped short of endorsing Bitcoin, his recognition that blockchain applications have real-world use cases brings him closer to peers like Larry Fink of BlackRock, who recently called tokenization “the next generation for markets”.
What This Means for Investors
For long-term investors, Dimon’s comments signal that the institutional conversation has shifted: blockchain is moving from speculation to infrastructure.
Even if leaders like Dimon remain cautious on Bitcoin itself, his statements suggest that digital money, stablecoins, and tokenized assets are no longer fringe experiments but part of global finance’s future fabric.
“Sometimes blockchain is a solution looking for a problem,” he said. “But it will replace certain systems we all use that are clunky or late.”
That practical framing — seeing blockchain as a tool, not a trend — is likely to shape how major banks and regulators approach digital assets in 2025 and beyond.
🪙 Recommended Reads (Amazon Affiliate Suggestions)
- The Bitcoin Standard by Saifedean Ammous – A deep look at Bitcoin as sound money.
- The Basics of Bitcoins and Blockchains by Antony Lewis – Plain-English explanations of crypto and distributed ledger tech.
- Digital Gold by Nathaniel Popper – The history of Bitcoin and its early pioneers.
