The gates of cryptocurrency are opening.

Recently, JPMorgan officially announced that it will allow institutional clients to use Bitcoin and Ethereum as collateral for loans. This decision may seem ordinary, but it is actually highly significant—it marks the formal recognition of the attributes of crypto assets by the traditional financial system.

How important is this shift? You can feel it by observing JPMorgan's change in attitude. The Wall Street giant's CEO once publicly stated that Bitcoin is "worthless," but now they are leading the way in opening the door to cryptocurrencies. From critics to adopters, what is behind this transformation? It is that crypto assets, after a decade of accumulation, have finally proven their value.

Starting from $5,000, Bitcoin has undergone a complete evolution from a geek experiment to an institutional asset. Holders have also endured a long wait—some had to sell at a loss when in urgent need of cash, simply because there were no more flexible capital utilization methods at the time. If crypto assets could be used as collateral like traditional assets to obtain liquidity, many life choices might have been different.

What exactly is JPMorgan doing? They do not hold crypto assets directly but manage collateral through third-party custodians. This "non-deliverable" model avoids risks while providing clients with real liquidity solutions. When traditional banks accept crypto assets as collateral, they are essentially acknowledging their store of value—something that holders have been eagerly awaiting for years.

This breakthrough addresses a core problem that has long troubled crypto asset holders: how to maintain ownership of assets while obtaining liquidity support. This is not only a victory for cryptocurrencies but also a signal that the entire market is maturing. From being marginalized to being included in institutional portfolios, crypto assets' decade-long journey of refinement is finally beginning to shine.