JPMorgan Chase Considers Mortgage Loans Using Cryptocurrency Assets, Marking a Turning Point in Crypto Market Approach
On July 22, internal sources revealed that JPMorgan Chase – one of the largest banks in the United States – is studying the possibility of implementing loan forms using customers' cryptocurrency assets as collateral. This move shows that the Wall Street bank is increasingly delving into the cryptocurrency field, gradually integrating crypto into the traditional financial system.
If this policy is implemented, it would be a significant transformation for JPMorgan Chase, especially from CEO Jamie Dimon – who had previously been a harsh critic of Bitcoin. Eight years ago, Dimon called Bitcoin a "fraud", predicting that the currency would "completely collapse" and was only used by "drug dealers and murderers".
According to well-informed sources, the bank is considering directly accepting Bitcoin, Ethereum, and several other cryptocurrency assets as loan collateral, with the earliest implementation potentially starting next year. However, the plan may still change depending on market conditions and internal policies.
Currently, JPMorgan Chase has not issued an official comment on this information.
A leading financial institution like JPMorgan's interest in cryptocurrency-based lending demonstrates the development potential of digital asset fields, while also opening up more capital access opportunities for investors holding cryptocurrency in the future.
