JPMorgan Bows to Bitcoin

Wall Street titan Jamie Dimon once called Bitcoin a fraud—but now, his firm is embracing it.

According to Bloomberg (June 4), JPMorgan Chase will soon start offering financing services backed by BlackRock’s iShares Bitcoin Trust (IBIT). This new policy applies globally, across both retail and institutional clients.$BTC

🔹 Bitcoin ETFs = Traditional Collateral

Even more striking: JPMorgan will now factor crypto holdings into a client’s net worth and liquidity assessment—right alongside stocks, real estate, and art.

📉 From skepticism to adoption: Just last month, Dimon said he was “not optimistic about Bitcoin,” but conceded that “clients have the right to buy.”

This shift isn’t just a business update—it’s a turning point for traditional finance and a sign that crypto is going fully mainstream.

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