JPMorgan

JPMorgan forecasts Bitcoin hitting $165,000 by October 2025 as the leading cryptocurrency continues to show strong market performance. Currently priced at $120,912 with a $2.41 trillion market cap, Bitcoin remains a top asset with limited supply and high trading activity.

Bitcoin's price shows signs of recovery, with JPMorgan predicting a price rebound in August 2024. Institutional activities like reduced German government Bitcoin sales and significant inflows into U.S. spot Bitcoin ETFs support this positive trend. Key crypto stocks including Iris Energy, MicroStrategy, and Block are also experiencing gains.

JPMorgan Chase has announced the appointment of a new global co-head for its blockchain division, Kinexys, signaling continued growth and focus in the blockchain space.

JPMorgan Chase is moving towards embracing cryptocurrencies by considering loans backed by digital assets like Bitcoin and Ethereum, signaling growing acceptance within traditional banking.

JPMorgan Chase is preparing to offer loans secured by cryptocurrency assets like Bitcoin and Ethereum, signaling growing acceptance of digital currencies among top U.S. banks. This initiative showcases a major change in CEO Jamie Dimon's perspective and highlights ongoing integration of crypto in mainstream finance.

JPMorgan Chase is gearing up to offer loans backed by clients' Bitcoin and Ethereum holdings, signaling a notable shift in the banking giant's approach to cryptocurrencies. This new offering is set to roll out potentially as early as next year, reflecting growing acceptance of digital assets in traditional finance.

In a surprising turn of events, Jamie Dimon, CEO of JPMorgan Chase, has reversed his long-held stance against Bitcoin, allowing clients to purchase the cryptocurrency. This decision reflects a notable shift in institutional attitudes towards crypto, following increasing interest and recent regulatory changes.