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JPMorgan warns private blockchains like Kinexys may challenge Bitcoin's dominance, not market sell-offs.

Market News
10 Jul 2026
Cointribune
View Source
Neutral
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JPMorgan analysts argue that recent Bitcoin sell-offs by major holders are temporary and not the main threat to the cryptocurrency. Instead, the bank highlights the rise of private blockchains such as Kinexys, which are gaining traction among institutional investors due to compliance and security advantages. This shift could reduce transaction volumes on public blockchains like Bitcoin and Ethereum, potentially marginalizing them in global finance. However, technological advances in interoperability may allow coexistence between private and public blockchain systems in the future.

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