AsianFin -- Jamie Dimon, once a vocal critic of Bitcoin who even threatened to fire traders for dealing in the cryptocurrency, now permits JPMorgan Chase & Co. (JPM) clients to invest in it—marking a notable shift in Wall Street’s stance on digital assets.

Industry experts see this as part of a broader trend accelerating the transformation of crypto from a fringe asset to a mainstream investment class.

JPMorgan’s policy reversal, the inclusion of Coinbase Global Inc. (COIN) in the S&P 500, and legislative progress on stablecoins are all viewed as milestones in what analysts are calling “the great derisking” of crypto—breaking down longstanding institutional barriers and potentially paving the way for trillions in capital to enter the market.