Strategy's (NASDAQ: $MSTR) recent Bitcoin (CRYPTO: $BTC) sales are not the main risk facing the cryptocurrency or the market for digital **** ets, says JPMorgan Chase (NYSE: $JPM).
Analysts at the largest U.S. bank say that the bigger threat to the cryptocurrency market comes from adoption that does not benefit public blockchains and their tokens.
Nikolaos Panigirtzoglou, the lead crypto **** yst at JPMorgan, said in a new report that the crypto ecosystem could see slower activity, lower liquidity, and weaker capital flows as tokenization, payments, and settlement increasingly happen outside public crypto networks.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
Analysts at the largest U.S. bank say that the bigger threat to the cryptocurrency market comes from adoption that does not benefit public blockchains and their tokens.
Nikolaos Panigirtzoglou, the lead crypto **** yst at JPMorgan, said in a new report that the crypto ecosystem could see slower activity, lower liquidity, and weaker capital flows as tokenization, payments, and settlement increasingly happen outside public crypto networks.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion
4 months ago
