{"id":1603547,"date":"2025-10-24T14:45:00","date_gmt":"2025-10-24T18:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1603547"},"modified":"2025-10-24T14:45:00","modified_gmt":"2025-10-24T18:45:00","slug":"after-a-decade-of-bitching-about-bitcoin-jpmorgan-reportedly-plans-to-allow-crypto-as-collateral","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/after-a-decade-of-bitching-about-bitcoin-jpmorgan-reportedly-plans-to-allow-crypto-as-collateral\/1603547\/","title":{"rendered":"After A Decade Of Bitching About Bitcoin… JPMorgan Reportedly Plans To Allow Crypto As Collateral"},"content":{"rendered":"

After A Decade Of Bitching About Bitcoin… JPMorgan Reportedly Plans To Allow Crypto As Collateral<\/span><\/p>\n

\n

JPMorgan CEO Jamie Dimon has been nothing if not consistent in his views on cryptocurrencies over the past decade:<\/strong><\/p>\n

Jan 2025: DIMON SAYS BITCOIN HAS NO INTRINSIC VALUE –\u00a0https:\/\/x.com\/zerohedge\/status\/1878814714698080427<\/a><\/em><\/p>\n

Jan 2024: DIMON: PERSONAL ADVICE WOULD BE DON’T GET INVOLVED WITH BITCOIN –\u00a0<\/em>https:\/\/x.com\/zerohedge\/status\/1747596221953265821<\/a><\/em><\/p>\n

Dec 2023: DIMON SAYS HE WOULD CLOSE DOWN CRYPTO IF HE WAS THE GOVERNMENT –\u00a0<\/em>https:\/\/x.com\/zerohedge\/status\/1732446151427690752<\/a><\/em><\/p>\n

Oct 2022: JPMORGAN CEO DIMON SAYS CRYPTO TOKENS LACK VALUE –\u00a0<\/em>https:\/\/x.com\/zerohedge\/status\/1580625511856091136<\/a><\/em><\/p>\n

Sept 2022: DIMON TELLS CONGRESS MEMBERS CRYPTOCURRENCIES ARE PONZI SCHEMES –\u00a0<\/em>https:\/\/x.com\/zerohedge\/status\/1572672056113733639<\/a><\/em><\/p>\n

Nov 2020: DIMON: I’M NOT INTERESTED IN BITCOIN, NOT MY CUP OF TEA –\u00a0<\/em>https:\/\/x.com\/zerohedge\/status\/1329075459477311489<\/a><\/em><\/p>\n

Sept 2017: “I’D FIRE ANY JPM TRADER CAUGHT TRADING BITCOIN IN A SECOND FOR BEING STUPID” –\u00a0<\/em>https:\/\/x.com\/zerohedge\/status\/1747597312333959438<\/a><\/em><\/p>\n

<\/a><\/p>\n

But now, according to Bloomberg<\/a>,\u00a0citing people familiar with the matter,\u00a0JPMorgan plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year<\/strong>.<\/p>\n

The offering would store clients\u2019 Bitcoin and Ether holdings through a third-party custodian, according to people who spoke to the news outlet.<\/p>\n

As CoinTelegraph’s Zoltan Vardai reports,<\/a> if confirmed, the development could make the two leading cryptocurrencies more attractive for institutional investors,<\/strong> akin to the historic approval of the first US spot Bitcoin\u00a0exchange-traded fund (ETF)<\/a>\u00a0in January 2024.<\/p>\n

A spokesperson for JPMorgan declined to comment.<\/p>\n

The report\u00a0follows months of speculation<\/a>\u00a0<\/strong>that JPMorgan could soon accept Bitcoin and Ether ETFs as collateral.<\/p>\n

JPMorgan continues crypto push<\/h2>\n

JPMorgan has been<\/a>\u00a0considering cryptocurrency-collateralized loans since at least July, when the first reports on this matter emerged.<\/p>\n

Still, the Financial Times previously\u00a0reported<\/a>\u00a0that adopting Bitcoin and Ether as collateral assets may not occur until 2026.<\/p>\n

JPMorgan was among the first US banks to venture into crypto. In 2020, it\u00a0launched JPM Coin<\/a>, a dollar-pegged stablecoin. In 2024, the bank reported\u00a0holding shares of different spot Bitcoin ETFs<\/a>.<\/p>\n

The early integration came despite JPMorgan\u2019s CEO previously expressing criticism of digital assets.<\/p>\n

In 2018, Dimon said he\u00a0had no interest in<\/a>\u00a0cryptocurrencies.<\/strong><\/p>\n

In 2022, he called digital assets \u201cdecentralized Ponzi schemes,\u201d but\u00a0commented positively on blockchain<\/a>\u00a0and smart contract technology.<\/p>\n

Lately, Dimon has moderated his stance somewhat, while remaining skeptical.<\/strong><\/p>\n

\u201cI don\u2019t think we should smoke, but I defend your right to smoke,\u201d Dimon said at JPMorgan\u2019s investor conference in May. <\/em><\/p>\n

\u201cI defend your right to buy Bitcoin, go at it.\u201d<\/em><\/p>\n

The investment bank also expressed\u00a0interest in stablecoins<\/a>\u00a0during an earnings call on July 15, <\/strong>when CEO Jamie Dimon said they planned to be involved in stablecoins to better \u201cunderstand\u201d this emerging asset class.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 10\/24\/2025 – 10:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/crypto\/after-decade-bitching-about-bitcoin-jpmorgan-reportedly-plans-allow-crypto-collateral<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

After A Decade Of Bitching About Bitcoin… JPMorgan Reportedly Plans To Allow Crypto As Collateral JPMorgan CEO Jamie Dimon has been nothing if not consistent…<\/p>\n","protected":false},"author":0,"featured_media":1603548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1603547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1603547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1603547"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1603547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1603548"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1603547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1603547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1603547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}