Crypto Backers Say JPMorgan’s BTC Product Threatens Strategy
TLDR JPMorgan plans to launch Bitcoin-backed notes in December 2025 that amplify BTC gains or losses by 1.5 times. The Bitcoin community accuses JPMorgan of trying to destabilize Strategy and other crypto treasury firms. Critics believe JPMorgan’s new product could trigger margin calls on Bitcoin-backed loans held by crypto firms…
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