Several large banks have begun issuing loans secured by Bitcoin

Wall Street giants collectively enter the fray: traditional banks launch Bitcoin-backed loan services, and the financial attributes of crypto assets gain mainstream recognition

Michael Saylor, founder and executive chairman of MicroStrategy, recently revealed that six top financial institutions on Wall Street, including BNY Mellon, Wells Fargo, Bank of America, Charles Schwab, JPMorgan Chase, and Citigroup, have officially started lending business secured by Bitcoin — this news marks Bitcoin's transition from a fringe alternative asset to a core application scenario within the traditional financial system, with the collateral financing capabilities of crypto assets receiving endorsement from the world's most influential financial institutions.

This financial revolution led by Wall Street giants not only reshapes Bitcoin's asset positioning but also opens a new stage for the deep integration of the crypto economy with the traditional financial system. As Michael Saylor stated: "When the world's largest banks begin to accept Bitcoin as collateral, it signifies that the value of crypto assets has been recognized by the cornerstone of the financial system — this is not the end, but the starting point for cryptocurrencies to become mainstream global assets."