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 year in a significant deepening of Wall Street’s crypto integration.
The program, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar with the matter. It builds on JPMorgan’s earlier move to accept crypto-linked ETFs as collateral.
A JPMorgan spokesperson declined to comment.
The expansion underscores how quickly crypto is being pulled into the financial system’s core plumbing. With Bitcoin rallying this year and the Trump administration rolling back regulatory hurdles, major banks are starting to bring digital assets deeper into the lending system.
For JPMorgan, it’s both a symbolic shift and a functional one: the bank whose chief executive, Jamie Dimon, earlier dismissed Bitcoin as a “hyped-up fraud” or a “pet rock” is no longer treating crypto as a fringe bet. Instead, it will be pledged as security for a loan, the same way stocks, bonds, gold and other familiar assets are.
I would have so loved if Kaitlan Collins just batted her eyes at that skidmark Taco and asked if he could explain crypto for everyone there.
Laugh out FUCKING loud. That would have been quite something.
“That what he did – well, you don’t know much about crypto,” Trump told Collins, “you know nothing about nothing. You’re fake news.”
If only some intrepid reporter would ask follow-ups like that: “Hey, Donnie, with your big manly brain, could you please explain how blockchain works? I only have a lady-brain and need it dumbed down for me. How does it work?” Then points mic at him…
Place your bets. Who’s getting an insane loan?
Ah yes, the key to decentralized currencies: banks.
Something something too much credit debt great depression
https://www.youtube.com/shorts/sMTF45CWdIE
What if some shit head convinced everyone in America that AI was the inescapable next big thing, and that anyone not throwing all their money at it was going to end up like people who thought the Internet was just a transient fad?
I had a landlord who personally knew the Johnson brothers when he was a child, and he rode their steam boat on the Raritan River. The landlord told me what wonderful people the brothers were because just before the Great Depression, they went around New Brunswick telling all the “right” families how to invest so that they could control the money in town. Then, they used that capital and the rest of the town’s destitution to drive out all the minorities and undesirables.
This was one of the least racist or disturbing things I heard come from that man’s mouth.
The next financial collapse is gonna be titanic.
Oh wow, what a fucking shocker that this would happen a week after Peter Thiel got the green light to open the first U.S. Cryptobank and Dimon has been trying to spread the narrative that the economy is in danger at every fucking opportunity to anyone who will listen to him…
Anyway, the day Charlie Kirk was murdered Scott Bessent was questioned about why he wouldn’t investigate JP Morgan bank records of transactions between Peter Thiel and Epstein.
Then Republicans in both the House and Senate blocked an attempt by Democrats to subpoena those records, but nobody even noticed bc everybody was paying attention to the assassination of the “martyr for free speech.”
Still waiting on those files, but Dimon claims he’ll release them as soon as he’s subpoenaed… So just waiting on the day Republicans agree to subpoena him, or the day that anyone notices that Republicans are literally the only reason why he hasn’t been suponead…
Oh and apparently Epstein was a Bitcoin investor, and took great interest in many of the same areas that Trump’ Office of Science Technology and Policy (currently lead by Peter Thiel’s former employee and protégé) also happens to be focusing attention…
Since forming an eponymous foundation in 2000, Epstein has found a role as science philanthropist, sharing his resources to beneficial, unlikely ends. His money has funded research related to quantum computing, genetics, artificial intelligence, and beyond. As a result, the 64-year-old tycoon holds court with A-list names from the academic community, like theoretical physicist Stephen Hawking, cosmologist and author Lawrence Krauss, or MIT’s quantum computing pioneer, Seth Lloyd.
Just my personal take: the thing about Bitcoin is not that the success is based on the soundness of crypto but instead it’s based in the non-soundness of our debt and fiat-based currency. It’s a sign of the times and a growing lack of faith in institutions.
Ending the federal reserve has been Peter Thiel’s wet dream for a very long time. It’s also coincidentally become one he shares with Thomas Massie and Mike Lee.
Trump and all these rich fuckers are investing large sums of money in crypto. Depending on how big the next big financial collapse is, they might just all be willing to hop on board with Thiel and Massie and say fuck it. Who needs the federal reserve anyway? (Other than all the suckers who aren’t part of club Oligarch, but who gives a fuck about them?)
From memory Bitcoin’s second major surge (from circa $100 to circa $5000) around 2011 to 2013 was during massive influx of Chinese buyers and miners. They were not buying because they don’t trust fiat-based currency or government debt / institutions - they were buying to hide their money from their govt for political reasons. They then move overseas and acces their ‘hidden’ funds.
In fact the biggest seizure of Bitcoin ever was a Chinese fraudster who had 61000 bitcoin (~$6.7b US), fled to the UK on fake documents and started buying property. She was just taken down recently.
Bitcoin’s success to now is a lot of factors but I think the main ones are a 1) idiots with high risk tolerance or low technical understanding, 2) criminals using it to hide/transfer funds and bribes, 3) tax/govt evasion (eg Chinese as above), 4) fomo. Way way down the list would be ‘people worried about fiat collapse’.
Chinese ‘goddess of wealth’ attested in worlds largest bitcoin seizure 2025/10/01: https://www.bbc.com/news/articles/cy0415kk3rzo
“Aaaannd- it’s gone.”
no
That Papa John’s pizza is getting more expensive by the day
They are just trying to find ways to make the economy faker
i should run a crypto scam
Dear jesus…
It can only good happen.
It’s all computer!
