"JPMorgan CEO's Bitcoin Reversal and Defense: Dimonsaur Emerges"

Bitcoin has surged past $70,000, with JPMorgan CEO Jamie Dimon reversing his anti-bitcoin stance and defending people's right to buy it, despite stating he won't personally invest in it. The sudden bullish sentiment comes as speculation swirls around a potential "secret sovereign bitcoin bid" and the approval of bitcoin exchange-traded funds by the SEC. Additionally, Ark Invest's Cathie Wood has brought forward her $1 million bitcoin price prediction to 2030, citing increased institutional involvement and the recent SEC approval as key factors. Dimon also warned of the risk of a U.S. recession and the possibility of stagflation.