Bitcoin Dip May Slow as Holders Turn to Borrowing

Bitcoin’s recent downturn may ease as holders turn towards borrowing against their holdings instead of selling. This trend could be bolstered by JPMorgan Chase’s adoption of crypto ETFs for collateral, according to Bitwise CEO Hunter Horsley. His prediction suggests that once Bitcoin surpasses the $150K mark, holders will opt to borrow against their assets rather than liquidate them, a move supported by the increasing use of crypto ETFs as collateral.