This would lead to a massive reduction in sell pressure as I won't have to dump on you to buy my third yacht.
FT reporting JPM is going to let clients borrow against crypto, likely to include BTC and ETH
a big shift as the bank has been notoriously pro-blockchain but anti-crypto
but as a GSIB and Prime Broker, they can’t afford not to play in crypto given new regulatory easing in the US. i also fully expect them to engage heavily with stablecoins on L1 and via their own L2 sooner rather than later for the same reasons
further, many more of their wealthy clients likely own it now
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