比特币（BTC）作为摩根大通（NYSE：JPM）首席执行官杰米·迪蒙（Jamie Dimon）刚刚说，客户现在可以购买它

摩根大通（NYSE：JPM）首席执行官杰米·戴蒙（Jamie Dimon）刚刚在过去的一年中说，这是另一个迹象表明主流加密货币的发展

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 (BTC 0.00%) for their accounts.

在过去的一年中，摩根大通（NYSE：JPM）首席执行官杰米·戴蒙（Jamie Dimon）刚刚在公司的年度投资者日活动中说，摩根大通（NYSE：JPM）刚刚说，客户现在将能够为其帐户购买比特币（BTC 0.00％）。

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）的举动鼓励其他投资公司为客户解锁加密货币，这可能为比特币飙升。这是一个更近的外观。

Why did JPMorgan change its mind about Bitcoin?

摩根大通为什么会改变对比特币的主意？

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）最终屈服的原因有很多。首先，总统唐纳德·特朗普（Donald Trump）政府的新专业政策政策使公司更容易接受加密货币。华尔街现在拥有大量的金融产品，包括新的现货比特币交易所交易基金（ETF），可以为客户提供服务。

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）为加密货币打开了大门是另一个原因：客户是因为：

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

他们必须召集他们的投资顾问或经纪人，并且无法为其帐户购买比特币，这一定令人沮丧。

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.

投资者以前看过这个故事。 BlackRock（NYSE：BLK）是世界上最受欢迎的现场比特币ETF背后的资产管理巨头，在2022年面对同样的客户需求。这导致它通过与Crypto Exchange Coinbase Global Global Global Global Global of Trim-It-Kind合作伙伴关系为机构的比特币购买打开了大门。

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.

贝莱德（Blackrock）首席执行官拉里·芬克（Larry Fink）在采取行动之前也是比特币的怀疑论者。但是，现在他是比特币的最大支持者之一，是投资者的独特新资产类别。

A shift in Bitcoin allocations

比特币分配的转变

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.

如果其他投资公司效仿，可能会对价格产生重大影响。这一切都是关于资产分配，或者他们的投资组合投资者愿意专门用于加密货币等资产。

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，比特币的目标分配为0％。在2024年底，该目标对典型投资者的增长高达2％。

In 2025, that figure could get even higher, thanks to more Wall Street companies embracing 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, a Bitcoin allocation of 6.5% by institutional investors is required for it to hit a price target of $1 million by 2030.

在2025年，由于更多的华尔街公司拥抱加密货币，这个数字可能会变得更高。加密分配的任何增加都会对加密货币的价格产生巨大的潜在后果。例如，在ARK Invest使用的比特币估值模型中，需要机构投资者的比特币分配为6.5％，才能在2030年达到100万美元的目标目标。

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.

随着分配越来越高，更多的钱将流入比特币ETF，将加密货币推高更多。因此，重要的是要关注流入这些ETF的资金。

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）指出的那样，他的公司不会为投资者拘留比特币，因此他们需要依靠这些比特币ETF进行曝光。好消息是，这些ETF投资流程定期报告，因此很容易看到更高分配的影响。

Potential risks for Bitcoin investors

比特币投资者的潜在风险

While JPMorgan Chase will offer clients access to Bitcoin, it doesn't mean Dimon is happy about it. 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.

尽管摩根大通（JPMorgan Chase）将为客户提供对比特币的访问，但这并不意味着Dimon对此感到满意。在2021年，他称比特币“毫无价值”。在2023年，他建议美国政府应禁止它。 2024年，在瑞士的世界经济论坛上，他将比特币比作“宠物岩石”，因为它对投资者无济于事，还指责比特币是庞大的庞氏骗局。

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.

您可以理解为什么加密爱好者对摩根大通（JPMorgan Chase）的这一举动感到非常兴奋：它是巨大的验证。长期的加密爱好者坚信自己被证明是正确的，而华尔街被证明是错误的。

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，在投资者日活动中，杰米·戴蒙（Jamie Dimon）没有任何支持避免怀疑的迹象。他清楚地表明：“我不是比特币的粉丝。”他提出了比特币的潜在非法用途，然后将购买比特币与吸烟进行了比较。 “我认为你不应该吸烟，但我捍卫了你的吸烟权……我捍卫你购买比特币的权利。”

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.

如果您正在考虑购买比特币，请考虑购买具有突出警告标签的产品（例如一包香烟），并以您自身的风险忽略警告。比特币一直是历史上波动的资产，为了最大程度地提高收益，您需要承诺长期以来一直持有它。