To be honest, when I saw that announcement from JPMorgan this morning, I was stunned for a full three minutes.

Mainstream crypto assets can now be used as collateral for loans? I’ve been waiting eight whole years for this. I almost dropped the mug in my hand—not out of excitement, but because I remembered that transaction all those years ago, and it still makes my heart ache.

I’ve been in the crypto space for ten years, starting with a principal of just 5,000 yuan. What have I been through? Altcoins going to zero, getting liquidated on leveraged trades, having my wallet hacked—I’ve basically stepped on every landmine. But if you ask me what I regret most?

It’s not buying the top on some random project coins.

It’s being forced to liquidate everything in 2017.

That year, something urgent happened at home and I needed cash to tide me over. I was holding 3 BTC, and the price was around $20,000 at the time. I gritted my teeth and sold them all. What are those three coins worth now? Enough to buy a nice car. Every time I replay that decision, I just want to slap myself.

Why did I sell? Because there simply weren’t any other options back then.

The market in 2017 was still a gray area. If you wanted to cash out your coins, it was either OTC with someone you knew or direct spot selling. Collateralized loans? Forget about it. There wasn’t even a legitimate channel for large transactions in the whole industry, let alone a traditional bank recognizing your digital assets.

So when I saw JPMorgan officially announce this, my first reaction wasn’t surprise—it was, “This day has finally come.”

This isn’t just some leading bank expanding its business scope; it’s the traditional financial system officially recognizing the value of crypto assets. For holders, this means liquidity is completely unlocked—when you need funds, you no longer have to sell at a loss; you can use your coins as collateral and get financing directly.

Taking this milestone as an opportunity, I’ve summed up three core lessons from my ten years in the trenches. Beginners can use this as a reference, and veterans can check for any gaps:

**Rule #1: Only allocate core positions to top assets—don’t be a collector**

Ten years