JP Morgan Evaluates the Bitcoin Selling Avoidance Capability of Strategy, 'More Important Than Miner Activity'

According to a report by The Block on the 5th, analysts at JP Morgan have analyzed that the resilience of Strategy, the world's largest Bitcoin holding company, is more important for the short-term price outlook of Bitcoin than the activity of miners.

Nikolaos Panigirtzoglou, a managing director at JP Morgan, stated in a report on the 4th that the recent pressure on Bitcoin prices is due to two factors. These include the recent decline in the Bitcoin network's hash rate and mining difficulty, and trends related to Strategy.

The decline in hash rate and mining difficulty...