The encryption industry has entered a truly historic moment.

Bitcoin and Ethereum can now be used as collateral for loans.

Global top investment bank JPMorgan Chase suddenly announced that it will launch new services for global institutional clients by the end of this year, [allowing them to use Bitcoin and Ethereum directly as loan collateral].

This move directly breaks the barriers between traditional finance and encryption assets, marking a significant milestone in the encryption industry.

It is worth noting that the CEO of JPMorgan Chase once publicly stated that Bitcoin is a scam, yet now he personally lists Bitcoin and Ethereum alongside mainstream financial assets such as stocks, bonds, and gold as eligible collateral. This change in attitude is nothing short of a 180-degree turnaround.

More importantly, this is not a conceptual trial, but a professional third-party custody mechanism to ensure security, supporting round-the-clock on-chain operations, with liquidity far exceeding traditional collateral. Investors holding Bitcoin and Ethereum will no longer need to sell their coins to obtain loans, preserving the appreciation potential of their assets while also expanding the flexibility of fund usage.

From the court recognizing the property attributes of encryption assets, to the Federal Housing Finance Agency in the United States promoting the use of cryptocurrency for mortgage home purchases, and now JPMorgan officially entering the market, digital assets are gradually being integrated into the core of the global financial system.