$BTC JPMorgan Chase: Bitcoin’s biggest risk isn’t selling off, but being “abandoned”



JPMorgan analysts said that Strategy’s Bitcoin sell-off is only “a temporary wave of selling pressure,” and the real structural risk is that blockchain applications are shifting toward permissioned chains built by banks, rather than public chains. If SWIFT’s blockchain projects, central bank digital currencies, and other initiatives are implemented within the traditional financial system, activity and liquidity on public chains may be weakened.
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