Bitcoin Community Pushes Back Against JPMorgan’s BTC Notes

[nihalsari]

JPMorgan plans to launch leveraged Bitcoin-backed notes offering 1.5x exposure to BTC through December 2028. The move has sparked criticism from the Bitcoin community, with supporters of Strategy, the largest corporate BTC holder, accusing the bank of spreading fear and undermining crypto treasury firms to promote its own products.

[Abdul Khan]

The Bitcoin community always reacts strongly to institutional narratives.

[Rimon Khan]

JPMorgan’s stance rarely aligns with BTC fundamentals—pushback was expected.