It may take a minute to get to grips with magic internet money, but once you see the scarcity, durability, and predictability, it somehow all falls into place. From Jamie Dimon to Donald Trump, eventually everyone understands Bitcoin.

Eventually everyone understands Bitcoin

Anthony Pompliano summed it up best, against an image of some high-profile personalities, including Donald Trump, Jamie Dimon, and Jerome Powell, who have changed their tune on the number-one coin. He said:

“Eventually everyone understands bitcoin.”

In the beginning, the idea of a decentralized digital currency was met with skepticism, derision, and sometimes outright hostility. Yet, as the years have passed, some of the world’s most influential voices from Wall Street to Washington have changed their tunes, making Bitcoin’s journey from a fringe obsession to a mainstream asset nothing short of historic.

Titans of finance: changing their minds

Take Jamie Dimon, the CEO of JPMorgan Chase. In 2017, he called Bitcoin a “fraud,” threatened to fire employees who traded it, and warned of government crackdowns. Fast-forward to the present, JPMorgan offers Bitcoin exposure to clients and Dimon regularly attends crypto panels. He’s critical of specifics, but his institution is deeply entrenched in blockchain finance.

BlackRock CEO Larry Fink went from calling Bitcoin “an index of money laundering” to overseeing the world’s largest asset manager issuing a Bitcoin ETF and publicly referring to it as “digital gold.” Fink’s pivot stunned markets and signaled a shift in how legacy finance regards the new digital economy.

Jerome Powell, Chair of the Federal Reserve, was also skeptical about crypto for years. Yet under his watch, the Fed now closely monitors Bitcoin, citing its relevance to global markets and even a “competitor to gold.”

Politicians and power players

Donald Trump once dismissed Bitcoin as being highly volatile and based on thin air. But by 2024, Trump was reportedly courting crypto donors and acknowledging Bitcoin’s increasing significance, reflecting the asset’s growing political clout.

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Michael Saylor, now synonymous with Bitcoin advocacy, wasn’t always a maximalist. Before 2020, Saylor publicly doubted Bitcoin’s longevity, calling its days “numbered” as far back as 2013. Now, his company MicroStrategy holds more BTC than any other publicly traded firm (over 636,000 coins) and Saylor has personally become its most famous evangelist.

And Mark Cuban spent years calling Bitcoin no different from bananas and raising doubts about its utility. Today, he’s an active participant in the crypto and NFT ecosystems, holding Bitcoin and advising blockchain companies. In other words? Eventually, everyone understands Bitcoin.

Governments join the fold

If the world’s biggest names can change their minds, so can entire governments. According to the Visual Capitalist, the United States is now the largest holder of Bitcoin, with China following closely.

These holdings are often the result of law enforcement seizures or strategic mining, but the fact remains: global governments hold thousands (sometimes hundreds of thousands) of bitcoins, quietly shifting from outright bans to accumulation and research.

Bitcoin’s path to mainstream acceptance has been paved with resistance and then recognition. Whether driven by economic imperatives, technological curiosity, or simply the fear of missing out, figures like Jamie Dimon and Donald Trump have finally come to the same realization: Bitcoin is here, and it is inevitable; even governments now hold Bitcoin as part of their strategic reserves.

What was once met with skepticism and doubt is now universally accepted at the highest level, proving Pompliano right that, despite the resistance, eventually everyone understands Bitcoin.

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JPMorgan Chase CEO Jamie Dimon is defending the bank’s controversial plans to charge fintech companies such as PayPal and Coinbase fees for access to customers’ account information.

In an earnings call for the second quarter of 2025, Dimon said that the fintech-fee decision was made to protect its customers when asked about the new policy.

“So, this is very important. So forget pricing for a second, we are in favor of the customer, but we think the customer has the right to if they want to share their information. What we ask people to do is, what do they – do they actually know what’s being shared? What is actually being shared? It shouldn’t be everything. It should be what their customer wants. It should have a time limit because some of these things went on for years. It should not be re-marketed or resold to third parties. And so, we’re kind of in favor of all that, done properly.

And then the payment, it just costs a lot of money to set up the APIs and stuff like that to run the system’s protection. So, we just think it should be done and done right. And that’s the main part. It’s not like you can’t do it.”

The fintech companies use the information to make it easier for their customers to send, receive and trade money. JPMorgan is reportedly poised to collect hundreds of millions of dollars in fees for the service.

Alex Rampell, general partner at Andreessen Horowitz and co-founder of the buy now, pay later business Affirm, is slamming JPMorgan’s move, warning it will make it more difficult to move money into crypto.

“This isn’t about a new revenue stream. It’s about strangling competition. And if they get away with this, every bank will follow…

If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account – maybe fewer people will do it.”

Arjun Sethi, co-CEO of crypto platform Kraken, is criticizing JPMorgan for “asserting ownership over data that is generated by users but stored inside infrastructure the bank controls.”

“We should not be optimizing for defensibility through restriction. We should be leveraging our position and profitability to build better access, more open architecture and more composable systems. That means investing in protocols, not just platforms. It means participating in shared infrastructure, not just extracting value from it.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Jamie Dimon, CEO of global banking giant JPMorgan (JPM), said the bank plans to get more involved in stablecoins, even as he questioned their practical utility compared to traditional payments.

“We’re going to be involved in both JPMorgan Depositcoin and stablecoins to understand it, to be good at it,” Dimon said during the bank’s Tuesday earnings call. “I think they’re real, but I don’t know why you’d want a stablecoin as opposed to just payment.”

His comments came as stablecoins, a subset of cryptocurrencies with prices tied to predominantly to fiat money like the U.S. dollar, are having a breakthrough moment in the broader financial system. They are increasingly being used as a cheaper, faster alternative for cross-border payments, especially in emerging countries. Looming U.S. regulation provides another tailwind for the sector, with the Senate already having passed the GENIUS Act and the House aiming to vote on the proposal this week.

Read more: House Gears Up for Crypto Market Structure Vote on Wednesday, Stablecoins Thursday

Dimon has been a long-time skeptic of cryptocurrencies. Despite that, the bank has been an early leader in tokenization with its private blockchain network Kinexys, formerly known as Onyx. The bank now settles $2 billion in transactions daily using JPM Coin. It also piloted last month a deposit token, JPMD, on the Base network, a blockchain built by Coinbase that runs on Ethereum.

Dimon also suggested that financial technology firms, fintechs in short, are using stablecoins and blockchain tools to edge into traditional banking. “These guys are very smart,” he said during the call. “They’re trying to figure out a way to create bank accounts and get into payment systems and rewards programs.”

“We have to be cognizant of that,” he said. “Way to be cognizant is to be involved.”

For example, crypto-powered banking startup Dakota offers cross-border U.S. dollar payments using stablecoins in the backend and has raised $12.5 million to expand its services to over 100 countries, CoinDesk reported.

JPMorgan Chase CEO Jamie Dimon just sold a massive amount of his company’s stock.

New SEC filings show Dimon sold a total of 866,361 shares at a price of $269.83 on Thursday, worth a whopping $233.77 million.

According to the SEC Form 4 filing, the shares sold are attributed to various entities including his family, GRATs, LLCs, and his spouse.

As Dimon executed the sale on February 20th, shares of JPMorgan Chase (JPM) sank from record highs at around $278 down to $266.

In February of last year, Dimon initiated his first-ever sale of the company’s stock since becoming CEO in 2005.

He then executed another sale in April, completing a combined $182 million in sales in 2024.

Although Dimon has not made public comments on the sales, a company filing said they’re part of a predetermined plan for “financial diversification and tax-planning purposes” and that Dimon “continues to believe the company’s prospects are very strong and his stake in the company will remain very significant.”

Shares of JPMorgan Chase (JPM) have surged 44% in the last year amid a broad spike in bank stocks, driven by a resilient economy and record-breaking earnings.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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JPMorgan Chase employees are banding together to call on the bank’s CEO to back down on his demand for a full five-day in-office work week.

In a new petition on CoWorker.org, JPMorgan Chase workers say CEO Jamie Dimon should reconsider the bank’s return-to-office (RTO) policy, and that the idea of remote work equating low performance has been thoroughly debunked.

The workers say they are “concerned about the future of our workplace – its integrity, employee satisfaction, and the increasing toxicity that has metastasized in our company culture in the last couple of months.”

The petition, which now has 1,595 of its 2,000 signature goal, says that a hybrid model that combines in-office with remote work is better for the employees, customers, shareholders and the “global community.”

“The recent mandate for 100% in-office work is a great leap backward: It hurts employees, customers, shareholders, and the firm’s reputation. From a corporate-citizenship perspective, it worsens traffic and pollution while disproportionately pushing out women, caregivers, senior employees, and individuals with disabilities. Many of these are top performers, and many of them only able to join the workforce under hybrid work rules. This directly contradicts JPMC’s commitments to diversity, equity, and inclusion.

Remote work may not suit in-person services, but it’s the way of the future for all knowledge work. Indeed, it’s often the only way to get anything done, even from the office!”

JPMorgan informed employees on January 10th that they would need to appear in person at the office five days a week after years of using a hybrid model stemming from the complexities of Covid-19.

In leaked audio obtained by The Hill, Dimon slammed remote working, even only on Fridays.

“It simply doesn’t work… And it doesn’t work for creativity. It slows down decision-making…

And don’t give me the s*** that ‘work from home Friday’ works. I call a lot of people on Friday. There’s not a goddamn person to get a hold of…

You don’t have to work at JP Morgan. So, the people of you who don’t want to work at the company, that’s fine with me… I’m not mad at you. Don’t be mad at me.”

It’s a free country. You can walk on your feet. But this company is going to set our own standards and do it our own way. And I’ve had it with this kind of stuff.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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