JPmorgan consider lending against crypto security-despite the boss’s crypto aversion
- JPMorgan Chase could offer loans secured with Bitcoin and Ethereum from 2026, despite the notorious Bitcoin opposition by CEO Jamie Dimon.
- The Financial Times reported on Tuesday, citing informed circles, about the possible change in company policy in terms of crypto.
JPMorgan Chase is considering the offer of loans that would be secured with cryptocurrencies such as Bitcoin and Ethereum next year. It would not be the first time that JPmorgan deals with crypto finance products. The bank is currently enabling its customers to take on loans against stock exchange-traded crypto funds, including the Ishares Bitcoin Trust from Blackrock. However, loans that are secured directly by Bitcoin or Ethereum would mean a further step and released liquidity for the owners without the need to sell assets.
The policy would mark a big shift for the bank’s chief executive Jamie Dimon, who eight years ago branded bitcoin a ‘fraud’. https://t.co/AlmThQHU9F pic.twitter.com/usLyxQ3EuW
— Financial Times (@FT) July 22, 2025
Under the crypto-friendly policy approach of the Trump administration, several institutions are open to the cryptoma market. JPmorgan could take advantage of this by introducing the service as early as the next year, as familiar persons report with the matter.
Jamie Dimon’s reluctant crypto reveal
In 2017, CEO Jamie Dimon Bitcoin Rundheraus described as fraud, but business is after all. As much as Dimon maintained his critical tone, he admitted in May this year that there are increasing demand for digital assets. His half -hearted concession:
“We will allow you to buy them, we won’t keep them.”
Dimon recently also noted that JPMorgan will play a larger role in stable coins. This is followed by a number of similar steps from competitors, including the Bank of America and Citibank, who also work on StableCoin initiatives.
If the crypto -based lending is followed up, this would be a further investment in digital money for JPMorgan, despite the personal doubts on the management. The service would attract wealthy crypto investors who need liquidity without wanting to pull them out of the existing assets and at the same time bring cryptocurrency to mainstream banking.
Bitcoin slips under $ 118,000 – bears active
Meanwhile, Bitcoin is volatile again, this time down. After he had not managed to exceed $ 120,000, he fell under 118,000 and reached a low of 116,200. The course is currently below $ 118,500, and the technical data indicate that problems are imminent.
Short -term resistance is $ 118,000, with a solid barrier at $ 118,400. This area coincides with the 61, 8%fibonacci retracement of the decline from $ 119,630 to $ 116,260.
When Bitcoin reaches the $ 119,150, he can test 120,500 again and possibly reach 123,200. However, if the resistance is not possible at $ 118,400, the level of support is 116,200 and then $ 115,500.
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