JPMorgan Says Bitcoin’s Real Long-Term Risk Is Shift to Institutional Blockchains

JPMorgan said Bitcoin’s long-term risk is not corporate selling but a broader shift by institutions toward private blockchains.

U.Today reported on July 9 that Strategy’s Bitcoin sales, despite dominating recent headlines, are a secondary issue, according to JPMorgan. The bank said Bitcoin faces a bigger threat as traditional finance adopts institutional blockchain technology that bypasses permissionless networks.

Bitcoin’s real long-term risk lies in institutions adopting private blockchain networks rather than in companies selling their Bitcoin holdings, JPMorgan added.