Bank of America ($1.6T) and JPMorgan ($4T) to Allow Bitcoin Purchases for 90 Million Customers, Fox Business Reports

Bank of America and JPMorgan Chase are preparing to enable their customers to purchase Bitcoin, signaling a notable shift in institutional acceptance of the cryptocurrency. Bank of America, with assets totaling approximately $1.6 trillion, is set to allow Bitcoin purchases for its clients, according to reports from Fox Business. Similarly, JPMorgan Chase, which manages around $4 trillion in assets and serves 90 million customers, plans to offer Bitcoin buying options. This move by two of the largest U.S. banks indicates growing mainstream adoption of Bitcoin and is expected to attract substantial capital inflows into the cryptocurrency market.