JPMorgan suddenly jumped in and said: the biggest structural risk in crypto isn’t that Strategy is obsessively dumping BTC, but that traditional finance is using private chains/permissioned chains to bypass public chains and do “blockchain”!

Bank executives, they’re not genuinely worried about crypto—they’re afraid their jobs will be taken by public chains.
They want tokenization, payments, and settlement all locked inside their own walls, starving public chains and native tokens. This isn’t “blockchain”—it’s a scam wrapped in a blockchain costume!
In my view, this actually exposes their fear.
The real risk has never been that public chains are too wild; it’s that they always want to re-centralize decentralized technology and keep being that “middleman.”
Once decentralization gets going, nobody can stop it.
#BTC #Crypto bitcoin:native