JPMorgan Chase & Co.’s plan to allow institutional clients to use #Bitcoin & #Ether as loan collateral by year-end is a game-changer for #BTC. It validates Bitcoin as a legitimate asset, drives demand by encouraging institutional holdings, enhances market liquidity, & signals growing trust in crypto within traditional finance. This could accelerate mainstream adoption & solidify BTC’s role as a store of value. Yet, some #Bitcoin OGs may worry about centralisation, regulatory scrutiny, or dilution of its decentralised ethos, fearing banks could undermine its anti-establishment roots. A pivotal moment for crypto!

Bloomberg.com

JPMorgan to Allow Bitcoin and Ether as Collateral in Crypto Push

JPMorgan Chase & Co. plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the ...