JPMorgan Accepts Cryptocurrency as Loan Collateral, Will Bitcoin Trigger a New Surge?
After JPMorgan announced that it would accept cryptocurrencies as collateral for institutional loans, the cryptocurrency market is expected to experience a decisive turning point.
This move by the American financial giant signifies that the traditional financial system is gradually embracing digital assets like BTC$ and ETH$ as legitimate financial instruments. This means that large investors can use their held crypto assets as collateral to obtain fiat loans without having to sell their cryptocurrencies.
This mechanism will ease the selling pressure in the market and improve market liquidity, potentially leading to a significant increase in the demand for Bitcoin and other crypto assets.
The price range that Bitcoin (BTC$) may reach in the future
From a technical perspective, if Bitcoin can stabilize above $70,000, and with the support of institutional buying, it is expected to challenge the $85,000 to $100,000 range in the coming months. Especially if ETF trading volumes remain strong and macroeconomic policies support loose liquidity, this target has a foundational basis for realization.
However, it is also essential to be aware of short-term volatility risks, such as changes in Federal Reserve interest rate policies or sudden adjustments in crypto regulatory policies.
In summary, JPMorgan's decision could be a key step for Bitcoin to enter the mainstream financial world, and the potential for future gains is gradually unfolding.
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