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Benzinga
Benzinga
Business
Aniket Verma

Anthony Scaramucci Says It'll Be A 'Big Deal' If Jamie Dimon-Led JPMorgan Allows Lending Against Bitcoin

Anthony Scaramucci JPM Bitcoin Co Jamie Dimon JPMorgan JPMorgan Chase NYSE SkyBridge Capital Andrew Feinberg
Anthony Scaramucci

Anthony Scaramucci, the founder of SkyBridge Capital, said Monday that JPMorgan Chase & Co.’s (NYSE:JPM) reported plan to allow clients to borrow against their Bitcoin (CRYPTO: BTC) holdings has the potential to change the financial dynamics of the leading cryptocurrency.

What Happened: In an X post, Scaramucci described the banking behemoth’s reported plans to offer loans backed by Bitcoin as a “big deal.” He said the current Bitcoin market hasn’t been fully tapped for traditional financial mechanisms such as loans.

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