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Reflections Triggered by the JPMorgan Chase Scandal
A well-known American politician recently announced a lawsuit against a top global investment bank, accusing it of freezing accounts due to political stance issues. This case has caused quite a stir on Wall Street. After the accounts were restricted, the individuals involved and their families began to reassess the neutrality of the financial system.
This shift is quite thought-provoking. When traditional banks take sides based on political reasons, Bitcoin, as a decentralized asset not controlled by a single institution, is reevaluated for its neutrality and censorship resistance. This not only reflects the new considerations of high-net-worth individuals regarding asset security but also exposes the vulnerability of traditional financial institutions under political pressure.
From JPMorgan Chase to Bitcoin, this path signifies a redefinition of financial independence. Similar incidents have occurred frequently last year, and this trend seems to be accelerating this year.