JPMorgan, which once claimed that Bitcoin was a "fraud," is now using BTC and ETH as collateral for institutional loans. The CEO of this top global bank, Jamie Dimon, has been known for his public tirades against Crypto Assets over the years, but has now made a complete turnaround.

I was really a bit stunned when I saw this news in the morning. JPMorgan plans to officially allow institutional clients to use Bitcoin and Ethereum as loan collateral before the end of 2025. This is not a small test, this is a big move.

Why did JPMorgan suddenly change its tune? On the surface, it seems like a shift in attitude, but deep down, it's actually driven by market pressure. Goldman Sachs, Morgan Stanley, State Street, BNY Mellon, Fidelity—these top financial institutions have recently all been ramping up their crypto assets services. If JPMorgan continues to cling to its old position, it will truly fall behind.

In plain terms, when the entire industry is moving in this direction, not keeping up means actively giving up market share. The demand from institutional clients is there, and the compliance space is also opening up – the clarification of the regulatory stance in the U.S. and the promotion of crypto-friendly policies have provided traditional banks with a green light to enter the market.

The wall of traditional finance has finally shown cracks. This crack is still expanding. For anyone paying attention to the trends of ETH and BTC, the amount of information behind this is actually quite significant.