Derived from Cointribune, JPMorgan's upcoming launch of a 1.5× leveraged bitcoin-backed structured product has triggered strong reactions in the crypto community. Critics argue the product could amplify market volatility and indirectly target companies like MicroStrategy by potentially triggering margin calls on BTC-backed loans. Additionally, JPMorgan is pushing for a reform of MSCI indexes to exclude firms with over 50% of assets in cryptocurrencies, a move that could impact companies such as Strategy. Influential figures in the crypto space are calling for retaliation, including closing accounts at JPMorgan and divesting from its shares.
JPMorgan's Bitcoin Product Sparks Controversy in Crypto Community
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