JPMorgan has been accused by members of the Bitcoin Community and Strategy, which is the largest corporate BTC holder, of spreading doubt, fear and uncertainty about Strategy.
JPMorgan’s Notes are a leveraged product that is tied to Bitcoin’s value (BTC). The product tracks BTC but amplifies the outcome, giving holders 1.5 times the gains — or the losses — through December 2028. According to the SEC, these notes will be launched in December 2025. filing.
It was an unexpected move. criticism Many in the Bitcoin community believe that JPMorgan has become a direct rival to BTC Treasury companies, and is motivated to undermine companies such as Strategy so it can promote its structured financial products.
“Saylor opened the door to the $300 trillion bond market and $145 trillion fixed income market. Now, JP Morgan is launching Bitcoin-backed bonds to compete,” said A Bitcoiner at X adds: “the same institutions attacking MSTR are copying the strategy.”
Bitcoin Advocate Simon Dixon noted The upcoming JPMorgan product is real “to trigger margin calls on Bitcoin-backed loans,” It is not true to say that the claim will be made “force sell pressure from Bitcoin treasury companies in down markets.”
Crypto enthusiasts and Strategy fans are calling now for a boycott of JPMorganEncourages fellow bitcoiners to sell their shares and close any accounts they may have at this financial giant.
Related: Strike CEO debanked by JPMorgan, Lummis sounds ‘Chokepoint 2.0′ alarm
MSCI rule change proposal triggers clash
MSCI, the former Morgan Stanley Capital International company, which is responsible for managing stock indexes, and determining criteria to be included in an index, first proposed a change of policy. excluding treasury companies from its products.
This proposed move, which is set to come into effect in January, will exclude crypto treasurys with more than 50% of their assets being cryptocurrencies.
JPMorgan shared The proposed policy change in an November research note drew sharp criticisms from BTC investors and the BTC community.
This could lead to these companies selling their crypto holdings in order to meet the index requirements. driving asset prices down further.
Magazine: Pakistan will deploy Bitcoin reserve in DeFi for yield, says Bilal Bin Saqib
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Source: cointelegraph.com
