Bitcoin Loans coming to your nearest bank?

## JP Morgan's Bold Move: Accepting Bitcoin as Collateral and Its Implications for Wealth Building

On June 4th so 5 days ago, JP Morgan announced they will start accepting pet rocks as collateral for client loans. What has the world come to?  Yes I am somewhat kidding about the pet rocks so don't start digging into your mid 1970's toy chest just yet.

The back story in case you missed it when I wrote about it, back in March 2024 was JP Morgan's long time CEO, Jamie Dimon in his own words, not mine, called bitcoin a "pet rock" that quote "does nothing" live on national television.

When asked directly about asset management giants like Fidelity and BlackRock getting involved with bitcoin, Dimon said he “doesn’t care.”

This is the same individual who labeled Bitcoin as "worthless" in October 2021 and also referred to it as a "decentralized Ponzi scheme." It appears Dimon has consistently misjudged Bitcoin for years. However, between his 2024 statement on pet rocks and 2025, his perspective seems to have shifted. Has he genuinely changed his mind, or has he recognized the potential profits for his firm? I believe it's the latter, and this is the aspect that everyday Americans are overlooking as the price will continue it's upward climb, which is why I believe Bitcoin will reach one million dollars each in the next decade.

 What a difference a year makes….....

Fast forward to June 4th, 2025, and you might wonder why his newfound interest in Bitcoin is significant. Let me explain.

There have been numerous platforms allowing loans against Bitcoin for years, but the major news with Dimon's announcement this week is that it brings the loan process into the spotlight for everyone. When loans at a major bank like JP Morgan can be backed by Bitcoin as collateral, other banks will rush to offer similar services, just as brokerages have started offering funds holding BTC and ETFs that can be traded in any brokerage account. This enables the average investor to participate without needing to understand wallets and keys. So, why is the loan process so crucial, you ask?

Once these loan operations become routine, neither individuals nor companies will need to sell their Bitcoin to obtain liquidity. It's the timeless principle of the wealthy: buy, borrow, die. By never selling the asset, they avoid capital gains and, consequently, taxes. Understanding and acting on this could be your path to significant wealth in the future.

People are aware of monetary inflation or money printing, and the reality is that over the last twenty years, the U.S. dollar's value has dropped by 40%. In contrast, Bitcoin has surged by 1,367% in just the past five years. This hasn't gone unnoticed. The White House is paying attention, and several states have already enacted a Bitcoin Strategic Reserve this year to include Bitcoin on their balance sheets.

At present, more than 110 public companies—and this figure is increasing daily—hold Bitcoin on their balance sheets to safeguard the purchasing power of their other currencies. The adoption of Bitcoin as a monetary base to defend against global government money printing is accelerating rapidly among individuals, companies, family banks, and states.

Have you considered what you are holding to protect your purchasing power?

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