摩根大通（NYSE：JPM）首席執行官傑米·迪蒙（Jamie Dimon）剛剛告訴全世界，其客戶現在可以購買比特幣

在過去的一年中，摩根大通（NYSE：JPM）首席執行官傑米·戴蒙（Jamie Dimon）剛剛在公司的年度投資者日活動中說，摩根大通（NYSE：JPM）剛剛說，客戶現在將能夠為其帳戶購買比特幣（Crypto：BTC）。

In yet another sign of just how mainstream crypto has become in the past year, JPMorgan Chase (NYSE:JPM) Chief Executive Officer Jamie Dimon just said at the company’s annual investor day event that clients will now be able to buy Bitcoin (CRYPTO:BTC) for their accounts.

在過去的一年中，摩根大通（NYSE：JPM）首席執行官傑米·戴蒙（Jamie Dimon）剛剛在公司的年度投資者日活動中說，摩根大通（NYSE：JPM）剛剛說，客戶現在將能夠為其帳戶購買比特幣（Crypto：BTC）。

That’s big news because Dimon has been a vocal and longtime Bitcoin skeptic. A few months ago, he suggested that the U.S. government should ban Bitcoin.

這是一個大新聞，因為戴蒙（Dimon）一直是人聲和長期的比特幣懷疑論者。幾個月前，他建議美國政府應禁止比特幣。

This could open the door for Bitcoin to soar if the move by JPMorgan Chase encourages other investment companies to unlock crypto for their clients. Here’s a closer look.

如果摩根大通（JPMorgan Chase）的舉動鼓勵其他投資公司為客戶解鎖加密貨幣，這可能為比特幣飆升。這是一個更近的外觀。

Why did JPMorgan change its mind about Bitcoin?

摩根大通為什麼會改變對比特幣的主意？

There are several possible reasons JPMorgan Chase finally gave in. First and foremost, the new pro-crypto policies of the administration of President Donald Trump are making it much easier for companies to embrace crypto. Wall Street now has plenty of financial products, including the new spot Bitcoin exchange-traded funds (ETFs), to offer clients.

摩根大通（JPMorgan Chase）最終屈服的原因有很多。首先，總統唐納德·特朗普（Donald Trump）政府的新專業政策政策使公司更容易接受加密貨幣。華爾街現在擁有大量的金融產品，包括新的現貨比特幣交易所交易基金（ETF），可以為客戶提供服務。

But there’s another reason JPMorgan Chase opened the door to crypto: Clients were asking for it because:

但是，摩根大通（Jpmorgan Chase）為加密貨幣打開了大門是另一個原因：客戶是因為：

It must be frustrating for them to call up their investment advisor or broker and not be able to buy Bitcoin for their accounts.

他們必須召集他們的投資顧問或經紀人，並且無法為其帳戶購買比特幣，這一定令人沮喪。

Image source: Getty Images.

圖像來源：蓋蒂圖像。

Investors have seen this story before. BlackRock (NYSE:BLK), the asset management giant behind the world’s most popular spot Bitcoin ETF, faced the same sort of client demand back in 2022. That led it to opening its doors to institutional Bitcoin buying via a first-of-its-kind partnership with crypto exchange Coinbase Global.

投資者以前看過這個故事。 BlackRock（NYSE：BLK）是世界上最受歡迎的現場比特幣ETF背後的資產管理巨頭，在2022年面對同樣的客戶需求。這導致它通過與Crypto Exchange Coinbase Global Global Global Global Global of Trim-It-Kind合作夥伴關係為機構的比特幣購買打開了大門。

Larry Fink, BlackRock’s CEO, was also a Bitcoin skeptic before he made the move. However, now he’s one of the biggest supporters of Bitcoin as a unique new asset class for investors.

貝萊德（Blackrock）首席執行官拉里·芬克（Larry Fink）在採取行動之前也是比特幣的懷疑論者。但是，現在他是比特幣的最大支持者之一，是投資者的獨特新資產類別。

A shift in Bitcoin allocations

比特幣分配的轉變

There could be a big price impact if other investment companies follow suit. It’s all about asset allocation, or how much of their portfolios investors are willing to dedicate to assets such as crypto.

如果其他投資公司效仿，可能會對價格產生重大影響。這一切都是關於資產分配，或者他們的投資組合投資者願意專門用於加密貨幣等資產。

Until recently, the target allocation for Bitcoin was 0%. In late 2024, that target moved as high as 2% for the typical investor.

直到最近，比特幣的目標分配為0％。在2024年底，該目標對典型投資者的增長高達2％。

In 2025, that figure could get even higher, thanks to more Wall Street companies opening the door to crypto. Any increase in crypto allocations has huge potential consequences for the price of the cryptocurrency. In the Bitcoin valuation model used by Ark Invest, for example, an allocation of 6.5% by institutional investors is required for it to hit a price target of $1 million by 2030.

在2025年，由於更多的華爾街公司為加密貨幣打開了大門，這個數字可能會變得更高。加密分配的任何增加都會對加密貨幣的價格產生巨大的潛在後果。例如，在ARK Invest使用的比特幣估值模型中，需要機構投資者的6.5％分配才能在2030年達到100萬美元的目標目標。

As the allocation gets higher, more money will flow into the Bitcoin ETFs, pushing the cryptocurrency up even more. So it’s important to keep an eye on money flowing into these ETFs.

隨著分配越來越高，更多的錢將流入比特幣ETF，將加密貨幣推高更多。因此，重要的是要關注流入這些ETF的資金。

As Dimon pointed out, his company isn’t going to hold Bitcoin in custody for investors, so they will need to rely on these Bitcoin ETFs for their exposure. The good news is that these ETF investment flows are reported on a regular basis, so it’s very easy to see the impact of higher allocations.

正如戴蒙（Dimon）指出的那樣，他的公司不會為投資者拘留比特幣，因此他們需要依靠這些比特幣ETF進行曝光。好消息是，這些ETF投資流程定期報告，因此很容易看到更高分配的影響。

Potential risks for Bitcoin investors

比特幣投資者的潛在風險

While JPMorgan Chase will offer clients access to Bitcoin, it doesn’t mean Dimon is happy about it. Back in 2021, he called Bitcoin “worthless.” In 2023, he suggested that the U.S. government should ban it. In 2024, at the World Economic Forum in Switzerland, he likened Bitcoin to a “pet rock” because it does nothing for investors and also accused Bitcoin of being a giant Ponzi scheme.

儘管摩根大通（JPMorgan Chase）將為客戶提供對比特幣的訪問，但這並不意味著Dimon對此感到滿意。早在2021年，他稱比特幣“毫無價值”。在2023年，他建議美國政府應禁止它。 2024年，在瑞士的世界經濟論壇上，他將比特幣比作“寵物岩石”，因為它對投資者無濟於事，還指責比特幣是龐大的龐氏騙局。

You can understand why crypto enthusiasts are so excited about this move by JPMorgan Chase: It serves as enormous validation. Long-time crypto enthusiasts are convinced that they’re being proven right, and Wall Street is being proven wrong. Score one for the little guy.

您可以理解為什麼加密愛好者對摩根大通（JPMorgan Chase）的這一舉動感到非常興奮：它是巨大的驗證。長期的加密愛好者堅信自己被證明是正確的，而華爾街被證明是錯誤的。為小傢伙得分一個。

However, at the investor day event, Jamie Dimon showed no signs of backing away from his skepticism. He made it clear, “I am not a fan of Bitcoin.” He brought up the potential illicit uses of Bitcoin, and then compared buying Bitcoin to smoking. “I don't think you should smoke, but I defend your right to smoke... I defend your right to buy Bitcoin.”

但是，在投資者日活動中，傑米·戴蒙（Jamie Dimon）沒有任何支持避免懷疑的跡象。他清楚地表明：“我不是比特幣的粉絲。”他提出了比特幣的潛在非法用途，然後將購買比特幣與吸煙進行了比較。 “我認為您不應該吸煙，但我捍衛您的吸煙權……我捍衛您購買比特幣的權利。”

If you're thinking about buying Bitcoin, think about buying a product (such as a pack of cigarettes) with a prominent warning label on it, and ignore the warning at your own risk. Bitcoin has been a historically volatile asset, and in order to maximize your gains, you'll need to commit to holding it for the long haul.

如果您正在考慮購買比特幣，請考慮購買具有突出警告標籤的產品（例如一包香煙），並以您自身的風險忽略警告。比特幣一直是歷史上波動的資產，為了最大程度地提高收益，您需要承諾長期以來一直持有它。