JPMorgan Raises Concerns Over Bitcoin Selling Risks
Strategy introduced "avoidable two-way risk" into crypto markets with its recent bitcoin sale policy, according to JPMorgan analysts.
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Strategy introduced "avoidable two-way risk" into crypto markets with its recent bitcoin sale policy, according to JPMorgan analysts.
The bank said Strategy's bitcoin sales policy adds avoidable market uncertainty and should be replaced with equity issuance to build cash reserves.
Bitcoin Magazine JPMorgan Backs U.S. Crypto Bill, But Puts a Warning Label Front and Center as Senate Eyes August Deadline JPMorgan urged Congress to pass clear digital asset legislation with robust safeguards, warning that without robust oversight, crypto innovation could create shadow-banking risk
JPMorgan execs argued that stablecoin innovation can easily drift into “shadow banking” if yield payments are permitted.
The bank said institutional demand for perpetual futures remains muted, with the products better suited to speculative trading than hedging.