🚨JP Morgan - Major Wall Street Shift Incoming 🚨
JPMorgan is opening the door to crypto-backed loans! The bank will now let wealth clients use crypto—like assets in BlackRock’s iShares Bitcoin ETF (IBIT)—as collateral. This signals growing institutional acceptance.
Clients’ crypto holdings will now count toward their net worth in loan assessments. JPMorgan will begin factoring crypto holdings into overall net worth and liquid asset evaluations, placing them on par with stocks, vehicles, or fine art when determining loan eligibility. Big news for crypto adoption on Wall Street! 👀💼💰
🔍What this means for retail clients:
💸Greater institutional involvement may boost crypto legitimacy and liquidity, possibly lifting prices and mainstream adoption.
🎯 However, benefits like collateralized lending may remain limited to wealthier clients, while increased Wall Street presence could lead to stricter regulation or centralization.⚖️ 🏛️
