JP

Dongerated

Yes. JP Morgan/chase will allow credit card crypto purchases now

ThriceHawk

It absolutely is positioned to moon, especially now with the Chainlink Reserve going live. Chainlink is sooooo incredibly undervalued. SWIFT about to go live in November... I think there is just a genuine lack of knowledge in crypto and Chainlink hasn't wasted time pouring a bunch of money into social media influencer hype. They are partnered with JP Morgan, Fidelity, SWIFT, the DTCC, Mastercard, Coinbase, 80%+ of DeFi, Citi, BNP Paribas, UBS, BNY Melon... but are 12th in markercap?! That's a huge opportunity for people right in front of them.

opensandshuts

Dude. Just look up LINK, piloted with swift, piloted with DTCC, actively partnered with JP Morgan, actively partnered with ICE (owns the NYSE) for forex. In the freaking White House published crypto “outline” of how an oracle will work. XRP could fit in here somewhere, but it’s not necessary. when we talk about Tradfi on chain, the obvious elephant in the room is Chainlink.

BlueskiesBlkD

I guess you get the point by now reading all the comments here. But I will add 1 more thing I didn't see. MOST financial advisor can NOT even consider btc. Even Jamie Dimon of JP. Morgan said 2017 that u will be fired if you buy btc. & Jan 2025 DIMON said its a Ponzi. Update now Jp. Morgan has thier own coin (jpm) & now he tells reporters that he will allow his customers to buy it. ALLOW 🤣 & he's NOT going to take anymore questions on btc. No one has EVER lost money holding btc 4 years or more 16 year track record & beat the S&P 500 12 out 15 years. What possible 🤔 could be better. You can loose your own money without them. I mean diversify 😆 🤣. OK my number is 25-30% BTC & RELATED crypto holdings. Choose your number

cryptolipto

It absolutely will not Chainlink will consolidate the global financial system, connecting tradfi to defi, and they have been doing exactly that over the last 2-3 years of testing SWIFT: https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems DTCC https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink ICE (the NYSE) https://www.prnewswire.com/news-releases/chainlink-and-ice-collaborate-to-bring-high-quality-forex-and-precious-metals-data-onchain-302526234.html VISA https://thepaypers.com/crypto-web3-and-cbdc/news/visa-and-chainlink-test-cbdc-stablecoin-swap-across-blockchains Mastercard https://www.mastercard.com/us/en/news-and-trends/press/2025/june/mastercard-chainlink-crypto.html Fidelity https://www.sygnum.com/news/sygnum-and-fidelity-international-partner-with-chainlink-to-provide-fund-nav-data-onchain/ JP Morgan https://www.jpmorgan.com/payments/newsroom/kinexys-chainlink-ondo-tokenized-asset-test The Central Bank of Hong Kong https://chainlinktoday.com/chainlink-ccip-enables-exchange-of-hong-kong-cbdc-and-australian-dollar-stablecoin/ Euroclear https://chainlinktoday.com/chainlink-euroclear-swift-six-major-market-participants-launch-initiative-to-standardize-corporate-actions-data-onchain-at-sibos/ The central bank of Brazil https://www.prnewswire.com/news-releases/chainlink-plexos-institute-and-edinheiro-partner-to-democratize-financial-access-in-brazil-302516568.html And on and on and on and on…

cryptolipto

Not at all. Just actually informed on what institutions are actively adopting. Chainlink CCIP is what is being used by Swift, Euroclear, the DTCC, JP Morgan, Fidelity, BNY melon, the Hong Kong central bank, the Brazilian central bank, etc etc etc

Appropriate_Roll1486

bc i wonder how much btc pushers make by making videos saylor'a microstrategy was broke. another failed company. why not try somthing kinda crazy? he was done for anyway he postulated the idea to harvard business school students and almost all thought it would eventually go broke so i find that interesting .. lots of people identify his methods as a scam jp is a high iq guy. if saylor's diatribe couldn't convince JP-- i'd find that interesting you don't care. save the key strokes

Appropriate_Roll1486

i was curious if JP was convinced by saylor pitch . I dunno. sometimes i wonder if the people on btc videos etc actually keep their wealth in bitcoin is that an unreasonable thing to ask?

ThriceHawk

In what world are either of those things the case? Yeah, JP Morgan, Fidelity, Mastercard, Citi, Coinbase, etc. are all just working with Chainlink because it's a "solution looking for a problem." And the solution not needing the token narrative has been killed over and over.... The Payment Abstraction Layer and Chainlink Reserve totally destroy that argument even further.

ThriceHawk

Yep, easily LINK. Who else has JP Morgan, Citi, Fidelity, Mastercard, SWIFT, BNP Paribas, Coinbase, the DTCC, 80% of DeFi, etc. working with them?

Street_Outside_7228

Late to the curve JP & BlackRock invested below $1200 and are now distributing

Street_Outside_7228

It’s moved on the exchange to be distributed because JP Morgan and Blackrock bought BTC under $1200. Oh it surged in 2021 eh? then the price did -60% in 2022 or are we gonna ignore that for now..?

Far-Education5778

Correct, they don't. But ask yourself why are all these large banks even trying to stop them? Ripple has been creating a large network with banks worldwide for over a decade. JP Morgan or whoever else are very behind if they are just trying to start now.

opensandshuts

Banks don’t need ripple. Too easy to create their own chain. JP Morgan and Mastercard formally partnering with LINK is a very bullish signal for LINK and banks managing their own chain. Unfortunately, it’s a very bad signal for Ripple.

ThriceHawk

It's not just BTC vs XRP... It's really anyone paying close attention and not just believing fake social media hype vs. XRP. Ripple had to pivot to a stablecoin because their original thesis was junk. Banks were always going to use existing integrations with SWIFT and just use their own stablecoins. Now, Ripple is dumping XRP on holders to acquire companies to try to make it in the stabelcoin space. They'll "make it" for small banks / financial institutions. But the major players like JP Morgan will use their own stablecoins, Chainlink for interoperability/compliance, SWIFT, etc.

opensandshuts

Chainlink just announced their LINK reserve (meaning: Token definitely needed) and recently announced partnering with companies like JP Morgan. For us LINK believers, the theory has long been that banks will create their own chains and use an oracle like CCIP to manage transfers between banks, funds, stock, blockchain, etc. Personally, I’ve never understood the hype around Ripple, but since LINK’s price hasn’t really had much love in the past 5 years, the long-time believers might be finally having their day. Unfortunately for XRP holders, it seems they have had their day, but it seems to be fading. This is just the dynamic of the market.

jawni

Pretty obvious you didn't read the last half of my comment as that was directly talking about proportional impact. >ETH has 13x the value of stablecoins vs SOL. And ETHs market share of all stables is still at the same point as it was when Solana launched but Solana has grown massively. If you want to talk about proportions, maybe you should actually look at them. >Not to mention Robinhood, Coinbase, JP Morgan and many other big exchanges/brokerages/banks have already chosen ETH for tokenization because of ETH's decentralization, reliability, L2 customization, network effect, liquidity, and massive scaling increases over the next 24 months. Coinbase has also used Solana for tokenization. Kraken and Bybit have used Solana for tokenization, despite Kraken having their own L2. Many institutions like Franklin Templeton and Societe Generale have tokenized funds on Solana. > Once this flywheel is in place, future participants will decide to build on ETH. That flywheel is in effect for more than just Ethereum if you do even just a cursory look at the industry. Get out of your bubble and do some better research.

Calm_Situation_1131

You are not telling the whole story because the proportion matters. ETH has 13x the value of stablecoins vs SOL. Not to mention Robinhood, Coinbase, JP Morgan and many other big exchanges/brokerages/banks have already chosen ETH for tokenization because of ETH's decentralization, reliability, L2 customization, network effect, liquidity, and massive scaling increases over the next 24 months. Once this flywheel is in place, future participants will decide to build on ETH.

ThriceHawk

Absolutely not. ISO20022 is not replacing SWIFT whatsoever... SWIFT has been the one instrumental in promoting and facilitating its adoption for their 11,500 financial institutions/banks. They began migrating to it for cross border payment messages in 2022 and have had a phased approach to go live in November of this year. RippleNet is simply compliant with ISO20022, just like XLM, ADA, ALGO, HBAR, QNT, IOTA, XDC, and..... Chainlink. But Chainlink is by far the most involved in it. They are partnered with SWIFT and have been working with them for years now, rolling through a PoC and live trials to help SWIFT facilitate DLT based cross-border payments for all of their member institutions. Banks will be able to create their own stablecoins (like JP Morgan is doing, working with Chainlink as well), and they'll be able to integrate with other blockchains using SWIFT's standards and Chainlink's CCIP for interoperability. Eliminating the need for intermediaries like Ripple. But Ripple will still be useful for the smaller banks/financial institutions, they just will have competition for it and won't attract the large banks who can create their own on Ethereum, etc.

BenniBoom707

Yes, 100% something is brewing that could be a very similar catalyst to 2020. Every government and institution is currently or about to be in a race to control the supply of Bitcoin, Ethereum and many other Top coins you aren’t even aware of yet. They are quietly accumulating right now, and they don’t want retail to be in the chat yet…. The US government and others are in talks about stable coins and Bitcoin Reserves. The new bill has drawn a ton of funding for crypto related projects here. However, the US Economy is on the brink of a catastrophic market crash and recession. President Trump ***must*** have the most dominating Economy in history or his entire presidency is a failure. He will pump the economy *exactly* like he did in 2020. And they have already been setting the table to turn the money printer back on. Recently he has been closely pressuring JP and the Fed to drop interest rates. Why? So he can’t start printing free money again. Once that happens, and we start to even get back to 5-6% average rates, you will see institutions taking that money and buying up more assets. Stocks, Real Estate and Crypto will all thrive.

JustStopppingBye

Sorry bro but you’re wrong. Chainlink’s involvement with Swift goes far beyond messaging upgrades. The collaboration is specifically focused on interoperability for tokenized asset transfers across public and private blockchains, using chainlinks CCIP. Yes it’s messaging but it’s also about securely moving value across networks, which directly involves settlement coordination. https://www.prnewswire.com/news-releases/chainlink-kinexys-by-jp-morgan-and-ondo-finance-team-up-to-bring-bank-payment-rails-to-tokenized-asset-markets-302455268.html Look what they did with JP Morgan. A DvP swap using a public and private chain. Ondos tokenized OUSG fund for tokenized deposits on JPs private chain. https://www.visa.com.sg/content/dam/VCOM/regional/ap/singapore/global-elements/documents/interim-report-e-hkd-pilot-programme-phase-2.pdf And here, two different chains settle two different stable coins using CCIP.

MakeLifeHardAgain

What if Trump finds a loophole to file JP and ends FED independence once and for all? Never say never. There were a lot of borderline illegal things I thought would never happen but Trump managed to accomplish them.

Street_Outside_7228

JP Morgan was buying BTC under $1500 on German OTC desks while simultaneously blocking his own customers from using JP bank to buy the same BTC with him. We are not the decision makers when it came to that one, they ensured to load up first then so they can exit on top of newcomers now.

RefrigeratorLow1259

The 10 commandments of Bitcoin Maximalism. 1. Do nothing, really. Bitcoin is already perfect, so why bother? Stack sats and wait for the day you’re a fiat billionaire. 2. Post some price charts, make bold predictions about flipping gold by next year. 3. Troll the skeptics to death, even if they’re right. Don’t admit any flaw – when in doubt, refer to commandment one. 4. Slay your idols. Well, except for the high priests who get a free pass for shitcoining. They are cool, at least until Mr. Hodl or Giacomo tells you that they’re not. 5. Anyone who uses the Bitcoin codebase to build anything without the blessing of Blockstream is a shitcoiner who deserves to get slain. 6. Liquid is a sidechain and Lightning is the one true way to scale Bitcoin. Anyone claiming otherwise is a shitcoiner who deserves to get slain. 7. Ethereum is a bigger enemy than bankers, politicians & spooks infiltrated within the community. Make fun of Ethereum at least 3 times a week, then praise JP Morgan, the Trump family and BlackRock for being such bitcoin bulls. If you discover that they buy ethereum too, refer to commandment no. 4! 8. The community is decentralized and diverse, so nobody speaks for Bitcoin except for Greg Maxwell and 3 other guys who can effectively shut down initiatives to improve the project. You think Bitcoin needs improvements? Refer to commandment no. 1! 9. If you came to Bitcoin in 2017 or later, you’re a pleb and you will always be a pleb. Be happy about it pleb, embrace the name and never question your OG overlords. 10. It is always better to be a pleb who posts memes and “mines fiat”. What do you mean you want Bitcoin to scale to 8 billion people? Don’t you like custodial lightning? Refer to commandment no. 1 and repent, or else you’re a shitc

ThriceHawk

XRP is absolutely not the bankers coin. That's LINK. LINK is working with JP Morgan, SWIFT (global messaging network for 11,500 banks and financial institutions), Fidelity, BNP Paribas, the DTCC, Euroclear, Citi, UBS, ANZ, Franklin Templeton, Mastercard, BNY Melon, on and on. XRP doesn't come close to that.

Own_Entertainment164

Many L-2's use ETH to pay for gas. These time we're in are still the ground floor with blockchain. So many projects, So many individuals, Everyone is looking to strike gold. Strong business will domestic the beast and pour pathways in this wild west. I suppose it depends on what sector of the market you're in. I see: BTC (payment currency) ETH [(EEA) 'Ethereum Alliance', A Major Ecosystem, Hub, or City] •L-2 ARB (Robinhood) •L-2 'OP' into 'Base' (Coinbase) •L-2 ZKsync (Masking Wallet address and Transactions amount) does use ETH for gas •L-2 POL (developments from Chase, Starbucks, & Disney) SOL (Major Hub) HBAR (Major Enterprise Coin) XRP (Bankers Coin) CHAINLINK (Cross-chain payment technology being used by companies like Visa, MasterCard, JP Morgan.) ---Let me know which ones you like or follow. And some information about it---

Substantial_Tip_2634

JP Morgan analysts pffft who gives a f about you losers.

coinfeeds-bot

tldr; Bitcoin miners achieved their highest monthly profits in July since the April 2024 halving, earning an average of $57,400 per EH/s in daily block reward revenue, according to JP Morgan analysts. Despite challenges like increased mining difficulty and operational costs, ten of thirteen tracked miners outperformed Bitcoin's price appreciation. Bitcoin reached an all-time high of $122,838 in July, though mining rewards have halved since 2024. Mining difficulty hit a record high, reflecting growing computational demands on the network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Far-Composer6311

What are you smoking? How many more institutions you want, when governments and the likes of Black Rock and JP Morgan buys? You hearing yourself?....

m4rM2oFnYTW

Ask yourself how much 8.65 BTC will be worth in 7 years. Most likely significantly more. Personally I think borrowing 10% of stash is too high. 5% is a much safer margin. Also, interest rates will come down. JP Morgan and other major banks have expressed interest in doing these kinds of loans.

MichaelAischmann

It got nothing to do with hating Trump & everything to do with JP following his mandate.

geostocktravelfitguy

You need to chill out. If crazy mountain roads are not for you, stick to whole market fund ETFs. Trump and JP are having a lovers spat over Trump's allowance. The government is going to need to refi a lot of money in the next 12 months, JP.is retiring and Trump is hell bent on having low AF rates.

never_safe_for_life

Thinks Bitcoin is useless. Trusts JP Morgan. What a tool.

JustStopppingBye

>is its own native, digital token. If thats the case, then you have a useless fancy database that that can only work with what’s already on-chain lol JP Morgan trusts it, they said it was neato. [https://www.prnewswire.com/news-releases/chainlink-kinexys-by-jp-morgan-and-ondo-finance-team-up-to-bring-bank-payment-rails-to-tokenized-asset-markets-302455268.html](https://www.prnewswire.com/news-releases/chainlink-kinexys-by-jp-morgan-and-ondo-finance-team-up-to-bring-bank-payment-rails-to-tokenized-asset-markets-302455268.html) DTCC trusts it, they said it was neato. [https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink](https://www.dtcc.com/dtcc-connection/articles/2023/september/21/bringing-capital-markets-onchain-with-dtcc-and-chainlink) Swift is going live with it in NOV, they also said it was neato. [https://www.swift.com/news-events/news/live-trials-digital-asset-transactions-swift-start-2025](https://www.swift.com/news-events/news/live-trials-digital-asset-transactions-swift-start-2025) Looks like major banking institutions tested it and trust it, so your opinion means squat lol

JustStopppingBye

>There is no solution to the oracle problem Chainlink has one and they've been the most successful at it with a perfect track record to show for it. Theyre so good at it, Swift DTCC and JP Morgan use it.

ThriceHawk

LINK Already working with JP Morgan, Mastercard, SWIFT, Fidelity, UBS, Euroclear, the DTCC, Coinbase... on and on. Secures a vast majority if DeFi. The co-founder was just shaking hands with the president while present for the signing of the GENIUS Act, the new Digital Asset Report released by the White House yesterday specifically mentions them and has one of their diagrams, the new legislature going through requires proof of reserves and they're the #1 provider... The list goes on and on. LINK should be top 3 already. The potential is huge when all these financial institutions are using them for data verification, proof of reserves, interoperability, compliance, identity, etc.

MichaelAischmann

JP basically said we can be happy that rates weren't raised. But sure, let's expect two cuts by eoy!?

tomsmac

LOL. Dude, many companies have LITERALLY already announced that they’re seeking to create THEIR OWN STABLECOINS. Amazon, Walmart, JP Chase, BoA, Citi, etc….

JustStopppingBye

Only being used by Swift, DTCC, JP Morgan, Clearstream, euroclear, should I go on?

JustStopppingBye

>who's content is not exclusive to Chainlink. Chainlink has a monopoly. Theyre used by the largest institutions, like Swift, DTCC and JP Morgan. If you think theyre using something else, I have a bridge to sell you.

MichaelAischmann

I'm happy JP doesn't bend to Trumps will.

MichaelAischmann

JP's mandate isn't about the rest of the world.

MichaelAischmann

If nothing else, JP will take uncertainty out of the market & that's always good.

PenguinsInvading

Maybe. But we have to see what JP says. If there are hints of cutting RoI in next months, we're eating good.

Dongerated

Wow. You can now buy USDC with credit cards and also redeem JP morgan’s points for usdc. Retail is coming.

MichaelAischmann

Nothing yet but I'm sure whatever JP says, Trump will "strongly disagree."

devCheckingIn

I'm concerned that JP is going to say that the very small and less-than-expected blip in CPI last month is evidence that tariffs are horrifically inflationary and it's the end of the world and all the things are going to triple in price, blah, blah. My only hope is that 2 or 3 governors dissent on the vote to hold rates steady.

MichaelAischmann

I care more about JP's outlook tomorrow & Trump's reaction than what the FOMC actually decides.

JustStopppingBye

JP Morgan is using CCIP for cross chain and you’re worried about them shilling btc? lol You guys hope and pray a lot.

JustStopppingBye

Quant. 😂😂😂😂😂 https://www.prnewswire.com/news-releases/chainlink-kinexys-by-jp-morgan-and-ondo-finance-team-up-to-bring-bank-payment-rails-to-tokenized-asset-markets-302455268.html Show me a public test using quant like what JP Morgan did with ccip recently.

CipherScarlatti

"Guys, are you familiar with 'fractional reserve banking'? Whole new concept! We're going to do it with customers' Bitcoin!" - JP Morgan

stickybond009

That's why Goldman Sachs and JP Morgan now keep custody of your Bitcoin for fees. Fate it seems is not without a sense of irony...

MichaelAischmann

JP should resist them. I don't even care if a cut could pump crypto. What's good for this interest group is usually bad for the average Joe.

MichaelAischmann

Lower interest rates are tentatively good for the crypto market. However, 1 or 2 rate cuts are expected & therefore priced in. Unless there are surprises, the outlook that JP will be giving is the most important part of the FOMC meetings.

MichaelAischmann

The market already knew that the FED is considering rate cuts. JP said so himself in the outlook after the June meeting. Trump is seeking attention, that's all.

irgeorge

Honestly, this might be a sharp move. If JP Morgan lobby for in kind redemptions from BTC ETFs then they can steal from BlackRock & Fidelity AUM by offering these loan products. 

Mr_Notacop

I will never let JP Morgan hold my funds idgaf. I wll use all the credit they will give me but they will never ever hold and funds of mine. Jamie Dimon is a pet rock and i stand on that fact.

biggiebills

Why us JP Morgan? Fuck them use strike. Make these banks suffer

just_another_ryan

He was the og hater, then I saw JP Morgan buying it while he’s spouting off about it being a scam. They were just getting him to lower the price so they could get in cheaper, now they got a bag and want it to increase in price.

Darkpriest667

I believe it's too late for JP Morgan, Blackrock and Fidelity have smoked them in this race. That doesn't even account for MSTR. There's only 21 million Jamie, you dipshit.

BigDeezerrr

I respect it if someone refuses to give up self custody, but these options are still great news. I wouldn't send all of my to JP Morgan but id maybe do 10% to fund a project or lifestyle and not have to sell. Rehypothication is a red line for me however so I'll be making sure to go with a lender that doesnt do that.

bb0110

If I had that answer I would be a future billionaire. I unfortunately don’t have that answer, but that doesn’t mean you still can’t acknowledge the potential pitfalls. Take for example a mortgage. The bank has collateralized the house to give you the loan. They have a lien on it. If you can’t pay they will recoup their money somehow, and that tends to be in the way of taking the asset, your house. If someone obtains all of the mortgage, lien, etc information that the bank has on it (could be from damn near anything like a security breach, social engineering, bad actor employee, etc) they can’t just take the home. While the information is important and you certainly don’t want it leaked, but there are failsafes in place. That is not the case for bitcoin. If they have the information to take the bitcoin, which they need in order to collateralize it, then any sort of security issue could be catastrophic. If someone is able to obtain that core information, then they can potentially take it in a way that just can’t happen with something like a mortgage. Everyone preaches about the benefits about decentralization, no regulation, etc but tend fail to acknowledge the potential downsides at the same time. This doesn’t even factor in the fact that the LTV on a product like this will be horrendous due to the current volatility. It just doesn’t make sense to use btc as a way to get leverage right now. I do hope, and even think it will one day, changes though, but not like this through JP morgan. With all of that said, I do like that this is happening because it does bring good exposure to the general public for btc, I just wouldn’t recommend using it how it currently is.

bb0110

I’m not saying there won’t be good ways to borrow against it in the future, but giving access and all of the information you have for your bitcoin to JP morgan in this way to collateralize it for the loan is counter to what why most are acquiring bitcoin.

Sundance37

People used to talk all the time about never selling your bitcoin. And that someday, you will be able to lend against your BTC. Now that it’s a reality, people are mad that you need to actually offer the BTC as collateral. How did you think this was going to work? JP Morgan is still bound by laws that won’t allow them to just take it. Is anyone mad that when they get a mortgage they need to give the bank the legal right to seize the property under certain conditions?

DeaderthanZed

Neither of those quotes, in their original context, purport to say what you claim they say. The Lincoln quote is related to the National Banking Act of 1863 which he signed and which authorized the creation of national banks, a uniform national currency, Treasuries as a lending backstop, and centralized oversight of the banking system (via the OCC.) This was a massive evolution towards the eventual creation of the Federal Reserve in 1913. Your quote establishes Lincoln’s position that the government should control its own currency (which was controversial at that time but he needed to print money in order to fund the war.) The Teddy Roosevelt quote was in the context of the banking debates of the early 20th century that came to a head with the Panic of 1907. The economy at that time was quite a ways along towards industrialization but the banking system hadn’t caught up it was still based in an agrarian history where, for example, the money supply in the US would decrease every year at harvest time as money flowed out to buy agricultural goods and then the banks would have to offer higher interest rates to encourage deposits to come back. Every. Year. And there was no lender of last resort nobody had the authority to inject liquidity into the system when bank runs occurred (which happened regularly.) So in 1907 JP Morgan had to step in with his own capital to support the system and buy out defaulting companies. The Republicans at that time put forward a plan for a private national reserve, with basically no government oversight, decisions being made entirely by representatives of private banks. THAT is what Teddy Roosevelt was opposed to. He, and others, were concerned that the Aldrich Plan would create a private Wall St. money trust that would dominate the financial system and ultimately the government. Democrats ran in opposition to this plan in the 1912 election. And Teddy, after being frozen out of the Republican nomination by party leadership, ran as a Progressive “Bull Moose” and split the Republican vote resulting in Woodrow Wilson being elected President and full Democratic control of Congress. The Federal Reserve Act that resulted in 1913 came with compromises, as legislation always does (thus they got some Republican votes as well as populist wing votes) but it was much more limited than the Aldrich “money trust” (supported by Morgan and Rockefeller) with the President having the power to appoint Board members and the Fed being decentralized across the nation rather than centralized in New York. The issue that I was pointing out is different from the early 20th century debate of private vs. public control as both sides of that debate agreed the Fed has to be somewhat independent it can’t be part of the executive branch. That is because *every* President wants low interest rates to boost their economy in the short term. But the Fed has to take a longer term view than two year election cycles. That is my point. An executive that can successfully bully his Federal Reserve into setting rates based on his political goals rather than than the Fed’s dual mandates to limit unemployment and control inflation is a threat to confidence in the system and to the dollar as a global reserve currency.

Father_John_Moisty

Most people who comment on this do not know how the FOMC works or sets rates. If JP was fired or quit, it would not change how the FOMC sets rates, and would not cause a sudden decrease in the rate. There is a group of 12 members. There is no law that says the Chair of the Federal Reserve needs to be the Chair of the FOMC. This means that if Trump appoints someone insane, say Jim Cramer, to the Federal Reserve, the other members of the Board can appoint someone else to chair the FOMC. Also, the FOMC votes on the rate. The Chair of the FOMC is not a dictator. It is more complicated than JP out, new person lowers rate. Now, I am NOT opining on how the markets would react to JP resigning/getting fired. That is a whole different sandwich.

Classic-Charity-2179

If you can, wait until BTC can be used as a collateral for a cheap loan. Yes you can use it now but the rates are crazy. With more adoption and more bank interest (seems that JP Morgan is looking into it right now), rates will get acceptable in a few years I bet.  Then use that for cash. 

partymsl

JP Morgan came crawling to Crypto as soon as they saw the money opportunities.

ThriceHawk

Definitely. Who else has partnerships with JP Morgan, SWIFT, Citi, the DTCC, BNP Paribas, Fidelity, Mastercard, etc... while also being in the room shaking hands with the president for the GENIUS Act signing. Especially all of that and still not even top 10 marketcap is absolutely wild.

coinfeeds-bot

tldr; JP Morgan is exploring offering loans backed by cryptocurrency holdings, marking a shift from its earlier approach of using crypto ETFs as collateral. This move is facilitated by recent changes to the US Uniform Commercial Code (UCC), which now allows cryptocurrencies to be treated as legally secure collateral. However, challenges remain, including regulatory capital requirements under Basel Committee rules, which impose high risk weightings on crypto. These factors may lead to higher costs for borrowers as banks offset risks and regulatory demands. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

NiagaraBTC

It's great for JP Morgan. Won't be great for the person who borrows irresponsibly and gets liquidated.

LiveCat6

For an anti-bitcoin establishment, JP Morgan sure seems pretty pro Bitcoin again and again.

GreedVault

He was the one who appointed JP, and now he wants to fire him. I think it will be a similar case, he’ll regret it afterwards.

ThriceHawk

This is not true whatsoever. Chainlink (Sergey) was just at the Whitehouse during the GENIUS Act, shaking hands with Trump while Ripple wasn't even invited. Chainlink is partnered with SWIFT, JP Morgan, Fidelity, Euroclear, UBS, Coinbase, ANZ, the DTCC, Mastercard, Citi, etc. etc. XRP/Ripple doesn't come close to that.

JustStopppingBye

What does ripple even know about adoption? Did you forget Swift, DTCC, JP Morgan etc works with chainlink and not ripple? And No I think a pen is who assisted in writing the bill. Brad and his team were not up there. Put two and two together. You can do it

Illustrious-Run-6110

JP Morgan. Imagine simping for JP Morgan and being jealous that you can’t afford to not care about your credit score or live in a State that won’t do anything about it.

ThriceHawk

LINK. What other projects are working with JP Morgan, SWIFT, the DTCC, Fidelity, Citi, Coinbase, Euroclear, Mastercard, BNY Melon, BNP Paribas, UBS, etc. They were just in the white house shaking hands with the president for the GENIUS Act. Idk how there is a safer bet outside of BTC/ETH.

wolf_the

If vanguard are slamming it they are trying to buy more. See JP Morgan a few years ago slamming BTC and the same week it came out they had bought a shedload.

ThriceHawk

LINK easily does. It should be top 3 and is 14th in marketcap while they partner with SWIFT, JP Morgan, Fidelity, the DTCC, etc. and the co-founder shakes hands with Trump as they sign the GENIUS Act. No other crypto is doing what they're doing.

ThriceHawk

XRP is absolutely not replacing SWIFT. SWIFT is already well integrated into blockchain using Chainlink and going live with their 11,500 member institutions in November. The banks, like JP Morgan, are already testing tokenized US treasuries with their own digital network systems using projects like Chainlink and Ondo, and also building their own deposit tokens. Others, like Citi, Euroclear, ANZ, BNY Melon, BNP Paribas, UBS, the DTCC are all already testing through SWIFT as well.

Fukthisite

We're are already past that point lol. Bitcoin isn't some experiment anymore, it's in the process of becoming financial infrastructure... the likes of BlackRock, Fidelity and JP Morgan aren't investing billions in bitcoin for nothing.

SunnyDay27

Consider borrowing against 1 bitcoin and buying YieldMax’s MSTY for income ..close to 100% annually .. 13 payments a year ... great income and you keep your bitcoin. Coinbase or JP Morgan now offers loans on bitcoin at around 10%. MSTY is $23 a share and paid out $1.25 a share last month but it’s been over $2 some months. You could buy 4300 shares 120,000 with loan money and reinvest the dividends. You should double your $120,000 within a year .. DRIP to reinvest or use for your monthly expenses…$5300 a month but should be much higher as it tracks MSTR ! Good luck

JustStopppingBye

>hundreds of partnerships like SBI and what else? All those big banks like tranglo(lol) Santander who stopped using it, and Bank of America who secretly uses it but have never publicly stated they continued usage after they showcased the live demo from 2019? Ripple’s entire image is just smoke and mirrors, all marketing, no substance. It’s honestly sad how many people still fall for it, especially when Chainlink is out here doing the real work with Swift, the DTCC, now West Pac, JP Morgan, ANZ, do I go on?

ozera202

Fire JP and pump the market into oblivion and we will worry about inflation when we are fucking rich

barthib

So many. BTC mining companies switching to or diversifying in ETH. Billions dollars treasury companies created. VIP investors like Peter Thiel. RobinHood unveiling their 24/7/365 trading system on an Ethereum L2. BlackRock joining in 2026. Coinbase launching a super-app to make it easy to access Ethereum's dApps in the middle of a new social media and payment system. Clarity bill and Genius act in Congress will allow the projects of Bank Of America, JP Morgan and others to come true (stablecoins on Ethereum). There is much more but I don't keep track

yungassed

Main benefit of BTC over gold is that you can self custody BTC a lot easier than you can gold. Gold is good is you have physical but paper gold is basically a scam beyond gaining from price action. There exists 10x more paper gold than actual gold in existance, so if shit ever really hits the fan and you need the gold, it won't be there unless you already had it in your possesion as coins or bars. Also try fleeing a country with a bunch of gold, security will not let you and steal it from you (refugee here with direct experience witnessing my parents go through it). Look at what happened during the great depression with executive order 6102 in America. All you need to have access to your btc is a hard drive or your seedphrase on a paper (or ideally memorized). Lastly, the precious metals market is EXTREMELY manipulated and they will never let the price of gold reflect its actual value and keep it suppressed as much as possible to protect the dollar until they can't anymore. JP Morgan literally gets fined hundreds of millions of dollars every year for manipulating the precious metals market (likely at the behest of the Fed) and does not appear to have any intention of stopping. They cannot do the same to BTC is appears, at least for now. Remember, possession is 9/10ths the law

Invest_and_ballout

JP Morgan calling this a pet rock while secretly buying Bitcoin should be a felony

MichaelAischmann

Please JP withstand the pressure.

biba8163

JP Morgan, Morgan Stanley, Goldman Sachs and Devere all said ETH was going to flip BTC. Why aren't you buying more ETH? /s > If you take today's level of purchasing required to sustains a price of $4k ,let's say, thats 13500 eth being sold for $4k each per day - so $54,000,000. > If you put that same dollar amount into Ethereum when the daily issuance is only 1350/day, thats $40k. > Factor in all the other bits and pieces of the Ethereum eco system, such as staking, defi, gaming, nfts, institutional demand, etc. You're probably looking at more like $50k-$75k/eth in 4-5 yrs time. > Note the opinion that Eth will flip Bitcoin is an opinion shared by JP Morgan, Morgan Stanley, Goldman Sachs and Devere ... that list is growing. https://np.reddit.com/r/CryptoCurrency/comments/r86ygc/comment/hn4wi4z/

Reach_Beyond

What do you think the timeline is most likely to be then? Also, any idea who Trump would replace JP and what is your expectation on amount and timeline to rate cuts?

Reach_Beyond

Best case is JP is here until his term ends May 2026.

MichaelAischmann

I hope JP stays so that we can at least preserve the illusion of an independent FED.

PeanutCapital

if the democrats were elected and were anti crypto again, they’ll be butting heads with Blackrock and JP Morgan. They do as their told by Blackrock

MichaelAischmann

JP is doing his job.

Slow_Train_6096

Apparently the reason JP has not reduced the interest rate is because of Trump’s tariff policy. https://www.foxbusiness.com/economy/fed-chair-powell-confirms-tariff-concerns-prevented-interest-rate-cuts-so-far-year.amp “Federal Reserve Chair Jerome Powell on Tuesday said that the central bank has held off on cutting interest rates due to concerns about tariff-induced price hikes on consumers, adding that the Fed likely would've cut rates this year if not for those tariff worries.”

falcofox64

I wouldn't take what he is saying at face value. JP Morgan was one of the bankers involved with crafting what became the federal reserve act and they used mass psychology to manipulate people into thinking they were against it and were even publicly against it to make people and Congress think that the bill would be bad for bankers. They even used the newspapers back then just like Jamie Dimon is using the media now. This guy is going on mainstream news for a reason and saying what he is saying for a reason. These people are not stupid and anyone who thinks so is a fool for underestimating the enemy.

AdOverall7619

Ask the CEO of JP Morgan, he claims it's a scam, he probably has bought a truckload himself.

Drogon__

How much they own through JP Morgan?

MinimalGravitas

> It's Alt coins and nobody in the real world is using any of these... Visa (the biggest card payment company in the world), Blackrock (the biggest asset manager in the world) and UBS (the biggest private bank in the world) have each already deployed RWA tokenization platforms to Ethereum... Sony/Samsung, Coinbase, Kraken, Robinhood and Deutsche Bank have all deployed their own Ethereum rollups... Shopify have started acceptance of payments on an Ethereum L2, Paypal have paid their accountancy firm with Ethereum based stablecoins, JP Morgan have deployed their own stablecoin on an Ethereum L2... You get the idea. Links to all of these and countless more are collated at: https://ethereumadoption.com/built-on-ethereum/

OkCantaloupe4959

>Profiting from something that will ultimately fail. So you think you are smarter than the banks? I know I'm not. I'm just following where the money is going. I don't care about what a tiny subset of crypto natives think. They are less than 1% of the population. Every bank in the world will likely run their own chain. JP morgan - Kinexy. BlackRock - securitize. BNY Mellon, Goldman - Canton. BoA - Paxos Trust (permissioned stable network). ANZ - ADDX. Lloyds - WaveBL. DTCC - composerX (hyperledger).