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JPMorgan is really turning around this time.
The Wall Street giant that once criticized Bitcoin the most is now allowing clients to directly use BTC and ETH as collateral. This change may seem sudden in 2023, but the underlying logic is quite clear—they acknowledge it.
When mainstream financial institutions like JPMorgan begin to recognize the collateral value of crypto assets, subtle shifts occur in the market. Institutional investors holding cryptocurrencies no longer need to sell their Bitcoin to maintain cash flow. This shift in mindset may seem small, but its impact is significant.
From its origins as a digital currency experiment, Bitcoin has gradually evolved into an asset allocation option. It is now moving toward a "full-fledged" form—a type of asset recognized by the mainstream financial system, capable of being collateralized, borrowed against, and generating yields. This is not just a story about JPMorgan changing its stance; it signals a reshaping of the relationship between traditional finance and the crypto world.