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JPMorgan warns private blockchains pose bigger risk to Bitcoin than Strategy's selling.

Market News
10 Jul 2026
Blockonomi
View Source
Bearish
pluang ai news

JPMorgan's research highlights that the main threat to Bitcoin is not the selling activity by Strategy, which holds about 4% of Bitcoin's supply, but the rise of private permissioned blockchains developed by financial institutions. These private blockchains offer benefits like identity verification and regulatory compliance, potentially reducing the use and liquidity of public blockchains like Bitcoin and Ethereum. As financial institutions adopt private networks for tokenization and payment processing, public blockchain activity may decline. This shift could also impact the market for tokenized real-world assets, currently valued at $50 billion, as it moves toward private infrastructure. JPMorgan suggests investors focus on these structural changes rather than Strategy's Bitcoin sales.

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