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no way JPMorgan’s accepting Bitcoin and Ethereum for loans?! 🤯 Jamie Dimon’s “fraud” talk didn’t age well lol
wait so JPMorgan is cool with Bitcoin and Ethereum now?? 🤯 are they gonna start shilling $BTC at the water cooler next to
lmao JPMorgan going from “Bitcoin is a fraud” to “sure, let’s use it as collateral” is a vibe shift bigger
After years of tension between crypto and traditional finance, JPMorgan Chase & Co. plans to allow Bitcoin and Ethereum as collateral for cash loans. This move is expected to roll out by the end of 2025. It’s ironic given CEO Jamie Dimon’s past criticism of Bitcoin as a “fraud.” JPMorgan’s decision could unlock $10-20 billion in lending capacity, making it easier for institutions to obtain dollar liquidity without selling their tokens. This marks a significant step in institutionalizing crypto-collateralized lending.
Bitcoin and Ethereum will be used as loan collateral at JPMorgan
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