Bitcoin and Ethereum to be used as collateral for loans!

J.P. Morgan Chase bank is preparing a program that lets institutions pledge Bitcoin and Ethereum as collateral for loans. This is huge! Why? Because if we do the math....

21 billion bitcoin exist. 40% of all Bitcoin is held by large institutions and "Whales". At this moment Bitcoin is fluctuating between 108 thousand and 121 thousand USD. So we are talking about TRILLIONS of dollars of loans being offered to investors around the world for various business ventures! As far as I'm concerned if they say that they are "working" on something my deduction will be that they have already crossed all of the "t's" and dotted all of the "i's". The deals are already made and the only thing holding everything up is the Clarity Act which is currently being worked on.

So if we continue down this path of the fact that soon institutions will be offering crypto for collateral for loans.... once other coins appreciate in value they will also be used for collateral by the large institutions and whales.....

EXCITING TIMES AHEAD!