JPMorgan: Real risk to BTC is institutional blockchains, not corporate selling

JPMorgan has analyzed in a new report that the true long-term risk to Bitcoin is not corporate selling, but rather the shift by institutions toward private blockchain networks. According to U.Today, the bank argued that Strategy's Bitcoin sales, which are currently dominating headlines, are a secondary issue. Bitcoin faces a more significant threat as traditional finance adopts blockchain technology that bypasses permissionless networks, JPMorgan explained.