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JPMorgan Dives Headfirst into Crypto with Bitcoin-Backed Loans
JPMorgan Dives Headfirst into Crypto with Bitcoin-Backed Loans
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Wall Street's love-hate relationship with Bitcoin takes a wild turn as banking giant JPMorgan starts accepting crypto as loan collateral—proving even the staunchest critics keep a cold wallet under their mattress.
Finally putting their money where their memes are, the institution that once called Bitcoin 'a fraud' now lets clients borrow against it. Guess those 3am 'what if we're wrong?' meetings paid off.
Bonus jab: Nothing says 'mature asset class' like using volatile crypto to secure old-fashioned debt. The 2008 playbook gets a blockchain remix.
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