Morning Edition · Friday, July 10, 2026Published at 1:23 AM EDT · New York
JPMorgan Says the Larger Long-Term Risk to Bitcoin Is Private Blockchains, Not Strategy
The bank frames Strategy's Bitcoin sales as a short-term worry while institutions adopting closed ledgers pose the deeper threat.
Analysts at JPMorgan argue that the more serious long-term risk to Bitcoin is the adoption of private blockchains by banks and institutions, not selling pressure from Strategy, the corporate holder formerly known as MicroStrategy. The bank…
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Decentralization Becomes Measurable, Not Asserted
Scrutiny of the gap between decentralization claims and on-chain measurement keeps intensifying, pushing the industry toward verifiable metrics that separate genuinely distributed networks from concentrated systems using the vocabulary of public infrastructure.
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