JPMorgan pointed out in its latest report that although Strategy's Bitcoin selling strategy might cause cyclical selling pressure, it is not the primary structural threat facing Bitcoin. The real risk lies in the growing shift of blockchain technology applications in the financial sector away from public blockchains and toward permissioned infrastructures. Analysts believe that if tokenization, payments, and settlements increasingly occur within traditional financial networks, the entire crypto ecosystem could face a 'structural downgrade,' leading to reduced activity, liquidity, and capital inflows, which would negatively impact Bitcoin. The report further analyzes that institutions prefer permissioned blockchains due to their advantages in privacy, KYC/AML controls, governance, legal liability, and regulatory certainty, posing a competitive threat to public blockchains like Ethereum. (TheBlock) https://www.(wublock123.com)/news/news-64324