🚀 JPMorgan’s Bold U‑Turn: Crypto Collateral Loans Incoming! 💥
Get ready, crypto and finance enthusiasts—JPMorgan Chase may soon let you borrow against your own Bitcoin & Ethereum holdings by 2026! 🔓 Their move marks a dramatic shift from CEO Jamie Dimon’s past “fraud” remarks to embracing stablecoins and blockchain tech. Expect a crypto-finance game-changer.
Offers liquidity to clients without selling crypto 📈
Follows moves by Bank of America, Citibank & others entering stablecoin space 🏦
JPMorgan likely to use secure third-party custodians (e.g., Coinbase) rather than holding assets themselves.
Reflects major change in U.S. crypto regulation—see 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 Dimon’s Shift:
From calling Bitcoin a “fraud” to now saying:
> “I defend your right to buy Bitcoin. Go at it.”
🔔 Bottom line: Traditional banking giant turning crypto-collateral into mainstream financing—get ready for a new era!
#️⃣ #JPMorgan #CryptoLoans #Bitcoin #Ethereum #Stablecoins #DeFi #FinanceRevolution
