Imagine how much houses would be worth in a world with no mortgages. That’s the reality we’ve been living in with #Bitcoin, but that’s about to change - and it’s a big deal. JPMorgan is set to soon allow clients to borrow against their Bitcoin holdings, according to FT. When/if the SEC approves in-kind create/redeem, large holders can swap spot BTC for ETF shares with no capital gains tax realization and easily borrow at low interest rates.