JPMorgan CEO Jamie Dimon, who once dismissed Bitcoin as "digital poison," has acknowledged the utility of crypto technology. Speaking at Saudi Arabia's Mega Investment Summit on October 28, 2025, Dimon highlighted the real-world applications of blockchain and stablecoins, citing JPM Coin's role in asset transfers and smart contracts. This marks a significant shift from his 2017 stance, where he warned against Bitcoin investments, suggesting they could lead to financial loss.