Also notable leaderboard action: $IBIT has climbed up to 6th spot and is now nearly DOUBLE the inflow into $GLD which has slid to 17th, despite gold doubling bitcoin’s performance YTD altho that prob won’t last. pic.twitter.com/HYTfC2SZZP
— Eric Balchunas (@EricBalchunas) May 19, 2025
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Bitcoin just got a surprising nod – from Jamie Dimon of all people.
That’s right, the CEO of JPMorgan, one of Bitcoin’s loudest critics over the years, now says his bank will allow clients to buy the cryptocurrency.
While JPM won’t hold the coins itself, it’s still a huge symbolic shift. If the biggest Bitcoin hater on Wall Street is giving in, maybe the floodgates really are about to open.
Add to that Fidelity’s recent claim that Bitcoin is ready to carry gold’s ‘baton,’ and things start looking like a crypto fairytale.
Bitcoin is back above six figures, ETFs are climbing again, and whales are quietly waking up. Derivatives open interest has nearly doubled since March, and while things may stay choppy for a while, all signs point to something big on the horizon.
Let’s break down why JPMorgan’s shift matters – and why the best crypto to buy might rally as Bitcoin begins its next run.
JPMorgan has been one of the latest big banks to cave. Morgan Stanley and others were already letting wealthy clients dip their toes into digital assets. JPMorgan simply couldn’t afford to sit this out any longer.
So while Dimon still talks trash about crypto, his bank now offers clients access to Bitcoin. The move is symbolic more than anything. If even JPMorgan’s fortress is cracking, the institutional dam might truly be breaking.
Combine that with Fidelity and JPMorgan saying Bitcoin could replace gold, and it’s clear that traditional finance is starting to respect the asset.
Add bullish technical indicators, ETF momentum, and whales increasing activity, and you’ve got a recipe for a rally.
So, what are the best new crypto projects to watch while the market heats up?
BTC Bull Token ($BTCBULL) is what happens when meme coin culture meets real Bitcoin strategy.
Built to track and amplify Bitcoin’s gains, $BTCBULL offers a way for retail investors to ride the Bitcoin wave – with far more upside and fewer entry barriers.
At just $0.00252, and with over $6M already raised in presale, the token is gaining serious traction as the bull market heats up.
But $BTCBULL isn’t just another hype coin. It’s the first meme token that rewards holders with real Bitcoin – not promises, not points, actual $BTC.
Every time Bitcoin crosses a major milestone (like $150K, or $200K), $BTCBULL burns tokens to increase scarcity and sends airdrops – but only to those who bought tokens through Best Wallet and still hold them there.
If you bought $1K worth of $BTCBULL today at the current price of $0.00252, you’d receive around 397K tokens. Stake those tokens at a 15% APY, and by the end of the year, your total would grow to roughly 456,550 tokens.
At today’s price, that would be worth about $1,150 – a nice boost just for holding. But if $BTCBULL reaches its 2025 price prediction of $0.06467, that same stash could be worth over $29.5K.
That’s nearly 30x your original investment, all from getting in early, staking smart, and riding the wave. JPMorgan finally opening the gates to Bitcoin might be the trigger that sends it all soaring.
And you can get in at the earliest stage, before the token is even listed on exchanges.
With Bitcoin reclaiming the spotlight and giants like JPMorgan finally giving in to client demand, there’s never been a better time to back the infrastructure that makes crypto usable.
Enter Best Wallet Token ($BEST) – the utility token powering one of the most innovative new wallets in crypto.
While the wallet itself is set to challenge dinosaurs like MetaMask with its sleek interface and powerful multi-chain features, $BEST is the key to unlocking its real value.
At just $0.025055, and with over $12.5M raised in presale, it’s still early – but the roadmap looks built for serious gains.
Buying and holding $BEST gives users real perks: reduced transaction fees, early access to new token launches, higher staking rewards, and bonuses through exclusive iGaming partnerships like free spins, deposit boosts, and lootbox access.
Plus, the ‘Upcoming Tokens’ tool is a game-changer, letting users discover and buy new crypto presales safely from inside the app.
Powered by Fireblocks-grade security, backed by a fast-growing user base, and tied to an ecosystem with real daily utility, $BEST isn’t just a token – it’s your all-access pass to the next wave of Web3 adoption.
If Bitcoin is the new gold, $BEST is the pickaxe.
In a crypto world where everyone’s trying to be the next serious protocol, SPX6900 ($SPX) flips the script – and sets it on fire for laughs.
Currently trading at $0.725, this viral meme coin is part absurdist comedy, part internet rebellion, and completely unapologetic.
Source: CoinMarketCap
Think of it as the anti-Wall Street coin with a cult-like following and a mission to satirize everything boring about finance.
But SPX6900 isn’t just memes for meme’s sake. It’s built on community-powered momentum, with a strong visual identity, rapid-fire social media presence, and a core message: take your gains seriously, not yourself.
It’s already carving out its own cultural niche, much like $DOGE and $PEPE did before it – and we all know how that turned out.
There’s no DeFi dashboard or staking farm here. The value is in the hype, and the team behind it knows how to push the right buttons. If you’re looking for logic, look elsewhere. If you’re looking for a ride, hop on.
And with Bitcoin back in six-figure territory and JPMorgan finally giving in to demand, meme coins like SPX6900 are poised to ride the wave of renewed retail interest straight to viral status.
With JPMorgan opening the door, Bitcoin reentering six-figure territory, and whale activity on the rise, the next big move could be closer than people think.
If you’re looking for the best crypto to buy before things really heat up, these three are worth watching.
$BTCBULL is built to mirror the bull run. $BEST is your one-stop wallet for when things explode. And $SPX? It’s here for the memes, and sometimes, that’s all it takes.
Always do your own research (DYOR) before investing in crypto. This article is for informational purposes only and doesn’t constitute financial advice.
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JPMorgan Chase has announced it will allow clients to purchase Bitcoin (BTC), marking a notable development in the mainstream acceptance of cryptocurrency. However, CEO Jamie Dimon, a long-time critic of Bitcoin and the broader crypto market, clarified that his personal views on the digital currency remain unchanged.
During JPMorgan’s annual investor day on Monday, Dimon stated, “We are going to allow you to buy it. We’re not going to custody it. We’re going to put it in statements for clients.”
This decision comes amid a growing trend among financial institutions to embrace cryptocurrency, with competitors like Morgan Stanley already offering access to spot Bitcoin exchange-traded funds (ETFs) for qualifying clients since August.
Despite this progressive move, Dimon reiterated his skepticism about Bitcoin, citing concerns related to money laundering and the lack of clarity surrounding ownership.
He pointed out that Bitcoin has been associated with “the sex trafficking, the terrorism,” indicating his belief that its primary use cases are problematic. “I don’t think you should smoke, but I defend your right to smoke,” Dimon remarked, adding, “I defend your right to buy Bitcoin.”
While JPMorgan has primarily limited its crypto offerings to futures-based products, the bank is reportedly considering providing clients access to Bitcoin ETFs, which would allow for a more direct investment in the cryptocurrency.
Historically, Dimon has been vocal about his opposition to Bitcoin; during a Senate hearing in late 2023, he described it as “worthless” and claimed that its only true use case is for criminal activity.
His skepticism was further emphasized at the 2024 World Economic Forum in Davos, where he dismissed BTC as “the pet rock,” expressing frustration over the ongoing media discussions about it. “This is the last time I’m talking about this with CNBC, so help me God,” he declared.
The context for JPMorgan’s decision comes amid a changing regulatory landscape in the US. Following the election of President Donald Trump, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) began to ease their anti-crypto guidance, allowing banks greater flexibility in their dealings with digital assets.
Although the Federal Reserve (Fed) has issued notices restricting certain crypto activities, banks can now custody cryptocurrencies, which was previously hindered by an accounting rule known as SAB 121.
The daily chart shows BTC’s price attempt to consolidate above $105,000. Source: BTCUSDT on TradingView.com
At the time of writing, BTC is trading at $105,400, which is just 3% below its record high of $109,000 achieved during the first quarter uptrend of the market. Looking at monthly gains, the market’s leading cryptocurrency has recovered 24% after dropping sharply to $74,000 in April.
Featured image from DALL-E, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
Banking giant JPMorgan will allow clients to buy Bitcoin, CEO Jamie Dimon said at the firm’s annual investor day.
Speaking to CNBC, Dimon said clients would soon be able to buy Bitcoin, though the bank itself won’t hold the asset.
“We’re not going to custody it,” he noted, adding only that Bitcoin will appear “in statements for clients.” No additional details were disclosed.
The move marks a notable shift for the largest U.S. bank, particularly as rival Morgan Stanley already offers access to spot Bitcoin ETFs for qualifying clients.
JPMorgan is expected to offer access to Bitcoin exchange-traded funds (ETFs), according to sources cited by CNBC. Until now, the bank’s exposure to crypto has been limited to futures-based products rather than direct investment options.
Still, Dimon made it clear his personal stance on Bitcoin hasn’t changed. He pointed to its association with criminal use cases, including money laundering, sex trafficking, and terrorism.
“I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin,” he was quoted as saying.
The remarks echo what he told CBS News back in January, when he said he doesn’t believe Bitcoin has intrinsic value and likened its users to smokers, acknowledging their right to own it while discouraging it personally.
At the time, he insisted he wasn’t against crypto as a whole but remained firmly opposed to Bitcoin’s utility.
Dimon’s skepticism dates back years. In 2021, during a Senate hearing, he called Bitcoin “worthless” and claimed its only real use case was among “criminals, drug traffickers, and tax avoiders.”
In 2018, he called it a scam and even threatened to fire JPMorgan traders who dealt with it. At Davos earlier this year, after Bitcoin surged past $100,000, he dismissed it again as “the pet rock,” insisting it “does nothing.”
Despite his criticism, JPMorgan has found itself increasingly involved in the decentralized space.
The bank is listed as an authorized participant in BlackRock’s iShares Bitcoin Trust and has praised blockchain technology, even as its CEO continues to distance himself from Bitcoin specifically.
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Panama City’s mayor stirred up talk this week when he hinted at building a city‑level Bitcoin fund. It all started with a single line on social media.
Mayer Mizrachi wrote “Bitcoin Reserve” on X on May 16. He’d just met with Max Keiser and Stacy Herbert, two of the big names behind El Salvador’s Bitcoin moves.
According to local sources, Mizrachi sat down with Keiser and Herbert to go over the nuts and bolts of Bitcoin policy. The mayor was tight‑lipped about details.
But the timing was notable. He shared that post just before heading to the Bitcoin 2025 conference in Las Vegas. It seemed like a heads‑up that something more could be coming.
Bitcoin Reserve 🚀
— Mayer Mizrachi (@Mayer) May 16, 2025
Based on reports, creating a formal Bitcoin reserve would need a vote in Panama’s National Assembly. Lawmakers would have to write and approve a bill first. That process can drag on.
Committees must study the idea. There’d be debates, amendments and budget checks. Only then could the city hold any stash of Bitcoin on its books.
Panama City to introduce El Salvador’s “What is Money” financial literacy schoolbooks to their new digital libraries.
A regional Central American bitcoin block is emerging!
🇸🇻🤝🇵🇦 pic.twitter.com/7Ra2RvDdsG
— Stacy Herbert 🇸🇻🚀 (@stacyherbert) May 15, 2025
Energy was also on the table. Keiser pointed out Panama’s hydroelectric potential and El Salvador’s geothermal plants. He suggested that green energy could power Bitcoin mining rigs.
It’s a neat idea: use cheap, clean power to run the computers that keep the Bitcoin network ticking. But permits and grid upgrades would be needed. Companies and regulators would have to sign off.
BTC is now trading at $103,583. Chart: TradingView
Mizrachi has already said Panama City will accept Bitcoin, Ether, Tether and USDC once the payments system is ready. That means building the crypto‑to‑fiat rails. Banks or fintech partners must handle the exchange.
And secure wallets would be needed to store any coins the city takes in. No launch date’s been set. But the plan is on the agenda.
Source: Strategy
It’s not just governments eyeing Bitcoin. Public firms are piling in, too. Michael Saylor’s Strategy Corp. just said it would raise $84 billion to buy more Bitcoin. That includes selling another $21 billion in stock.
They’ve also lifted their debt limit from $21 billion to $42 billion, with $14.6 billion still open. On the other side of the globe, Metaplanet added 1,240 BTC—about 18.50 billion yen, or roughly $127 million. That brings its total to 6,797 BTC, now worth just over $706 million.
Based on reports, publicly listed firms increased their Bitcoin stash by 15% in Q1. It shows that many see Bitcoin as a core holding—not just a side bet.
Featured image from Unsplash, chart from TradingView
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Jamie Dimon, the chief executive officer of JPMorgan, has said that the bank will allow its clients to buy Bitcoin.
JPMorgan CEO Jamie Dimon, a longtime crypto skeptic who has previously labelled Bitcoin (BTC) as worthless, now says the bank’s customers can buy the benchmark digital asset. Dimon announced the move during a speech at the banking giant’s annual investor day on May 19, 2025.
However, while JPMorgan bids to join other leading banks and financial institutions, including Morgan Stanley, in bringing BTC to their clients, Dimon remains skeptical. He also noted that while JPMorgan will allow its customers to buy Bitcoin, the bank will not custody it.
On his personal view about Bitcoin, Dimon has said:
“I don’t think you should smoke, but I defend your right to smoke. I defend your right to buy Bitcoin.”
After calling Bitcoin worthless in 2021, Dimon reiterated the take during a Senate hearing in 2023 and again in 2024 at the World Economic Forum in Davos. Earlier this year, Dimon likened Bitcoin to a “fraud.”
In his remarks about crypto and the ecosystem to lawmakers, the JPMorgan chief said he has always been “opposed to crypto, Bitcoin.” He noted that the only true use case of cryptocurrencies remains by criminals, money laundering, and tax evasion.
He has previously said he would shut Bitcoin down if it was all down to him.
“If I was the government, I’d close it down,” he noted in remarks in December 2023.
While Dimon has maintained a negative view of BTC and crypto, the broader banking ecosysem has increasingly warmed up to it.
Banks such as Morgan Stanley have shown greater ambition in tapping into the crypto market for their clients.
This has come as the launch of Bitcoin spot exchange-traded funds continues to shine a spotlight on institutional demand. Also taking a more upward trajectory is the tokenized assets market, with players such as BlackRock key cogs.
Notable shifts in regulatory approach by the U.S. Securities and Exchange Commission, banking regulators and others are also pushing crypto into widespread adoption across the globe. This positive outlook has gathered pace under President Donald Trump’s pro-crypto stance.
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Bitcoin surrendered a weekend burst above $107,000 and was last changing hands near $103,200 in European trade, a $4,000 round-trip that unfolded in less than twelve hours. The leading cryptocurrency printed an intraday high of $107,111 during thin Asian hours before liquidity evaporated and spot markets on Binance and Coinbase slid to $102,000.
The volatility landed on the heels of Moody’s decision late Friday to cut the sovereign credit rating of the United States to Aa1, stripping the world’s largest economy of the last triple-A crown it still retained after downgrades by S&P (2011) and Fitch (2023). Moody’s cited an “uninterrupted rise in debt and interest costs” as the main driver. US 30-year Treasury yields poked above 5% for the first time since April, deepening the risk-off tone across equities and high-beta assets.
Treasury Secretary Scott Bessent dismissed the ratings move in a televised interview on Sunday: “Moody’s is a lagging indicator. We didn’t get here in the past 100 days. We inherited a 6.7 percent deficit-to-GDP, the highest ever outside a recession or war. We are determined to bring spending down and grow the economy.”
Macro anxiety, rather than any crypto-specific headline, explains most of the pull-back, yet derivatives positioning amplified the swing. Coinglass data shows more than $665 million worth of leveraged positions were liquidated on the entire crypto market as perpetual funding flipped sharply positive into the spike and then reversed.
Dealers long gamma “seized the opportunity to lock in profits,” Singapore-based QCP Capital wrote in its Monday note, adding that the weekend pop owed much to “Metaplanet’s $104 million BTC purchase, alongside Strategy Inc.’s usual accumulation.” Still, QCP argued that Bitcoin’s ability to rally while equities softened “reinforces BTC’s positioning as a legitimate store of value.”
Flows into the ten US spot-Bitcoin exchange-traded funds underline that narrative. As of 29 April — the latest consolidated figure — the ETFs had drawn a cumulative $38.99 billion of net subscriptions and hold roughly 1.14 million BTC after another $591 million day of inflows, according to Farside Investors data.
Technical traders remain divided on what comes next. Adam Khoo, founder of Piranha Profits, reminded his 450,000 followers on X that previous US downgrades triggered 10% corrections in the S&P 500 but were fully erased within a year. “If the SPX drops another 10 percent this round, it would be another great opportunity for me to load up on high-quality businesses,” he wrote, musing whether markets will “panic a third time or be smarter now.”
For Bitcoin, the picture is less binary. On-chain data show exchange balances at multi-year lows, and options desks report persistent call-side skew — evidence, QCP says, of “structurally bullish” positioning despite the whipsaw. Yet traders eye the $101,000–$100,000 band as first-line support; a decisive break could expose the 50-day exponential moving average near $98,400, while reclaiming $107,000 would reopen January’s record high at $109,114.
Until then, the asset appears content to digest the Moody’s shock — and to let macro traders, not crypto die-hards, set the tempo of the next move.
At press time, BTC traded at $102,605.
BTC hovers above the 0.786 Fib, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Gracy Chen, CEO of the renowned cryptocurrency exchange Bitget, revealed a major milestone for the Bitcoin ecosystem in an X post on Monday.
According to the post, spot Bitcoin ETFs have surpassed a cumulative inflow of $40 billion as of May 19, building strong confidence among both retail and institutional Bitcoin investors.
With 12 spot Bitcoin ETFs collectively amassing inflows worth tens of billions since their launch in early January 2024, institutional interest in Bitcoin remains strong despite periodic market volatility.
Following recent bullish moves in the leading cryptocurrencies, spot Bitcoin ETFs continue to attract significant capital. Data from popular crypto tracking platform SosoValue shows these ETFs brought in a total inflow of $260.27 million on May 16.
Source: SosoValue
BlackRock’s IBIT led the charge with a substantial $129.73 million inflow, followed by Fidelity’s FBTC and ARK & 21Shares’ ARKB, which posted $67.95 million and $57.98 million respectively.
As of May 16, total cumulative net inflows across all 12 ETFs have reached $41.77 billion.
This historic inflow signals Bitcoin’s transformation into a strategic asset class increasingly embraced by institutional giants and major financial firms.
Gracy Chen emphasized the broader impact of this milestone on the crypto market, stating it reflects surging institutional confidence, particularly in Bitcoin.
She described the current trend as “the most institutionally anchored cycle in crypto history,” highlighting how this influx of institutional capital could lay the foundation for a long-term bull run.
While Bitcoin has shown mixed market signals recently, traders remain optimistic. Data from CoinMarketCap shows Bitcoin trading in the green, with a 1.74% price increase over the last 24 hours, pushing its current price to $105,450.90 as of press time.
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