š JPMorganās Bold UāTurn: Crypto Collateral Loans Incoming! š„
Get ready, crypto and finance enthusiastsāJPMorgan Chase may soon let you borrow against your own Bitcoin & Ethereum holdings by 2026! š Their move marks a dramatic shift from CEO Jamie Dimonās past āfraudā remarks to embracing stablecoins and blockchain tech. Expect a crypto-finance game-changer.
Offers liquidity to clients without selling crypto š
Follows moves by Bank of America, Citibank & others entering stablecoin space š¦
JPMorgan likely to use secure third-party custodians (e.g., Coinbase) rather than holding assets themselves.
Reflects major change in U.S. crypto regulationāsee GENIUS & CLARITY Acts fueling this shift.
Timeline:
Launch expected by 2026, plans are ongoing and may evolve.
Process includes lending against ETFs first, then directly against crypto.
CEO Dimonās Shift:
From calling Bitcoin a āfraudā to now saying:
> āI defend your right to buy Bitcoin. Go at it.ā
š Bottom line: Traditional banking giant turning crypto-collateral into mainstream financingāget ready for a new era!
#ļøā£ #JPMorgan #CryptoLoans #Bitcoin #Ethereum #Stablecoins #DeFi #FinanceRevolution