JPMorgan’s $4.7T private blockchain warning just gave Bitcoin bulls fresh ammunition
JPMorgan sees Wall Street’s shift towards private blockchains as a deeper menace to Bitcoin than Strategy promoting its BTC. JPMorgan warned that shifting tokenization, funds, and settlement onto closed networks might drain exercise, liquidity, and capital from crypto whereas pushing valuations decrease. Hybrid public-private methods, tighter stablecoin guidelines, and Bitcoin’s endurance as digital gold might…
