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🚨 JPMorgan to sell 'Bitcoin lottery'? Gains magnified, losses evaporate principal!\n\nJPMorgan has officially submitted an application to regulators:\n\nLaunch Bitcoin leveraged structured notes linked to BlackRock's IBIT, betting on BTC's future trends.\n\n📌 The core mechanism of the product is as follows:\n\n1) Look at the price once in 2026 → If above the preset price, redeem early\n\nEach note has a face value of $1,000\n\nIf 2026/12/21 IBIT ≥ preset price → JPM redeems early\n\nInvestors can receive a fixed return of ≥$160 (about 16%)\n\n2) If below the preset price, it will continue to be held until 2028\n\nIf BTC doesn't rise enough in 2026, the notes will continue until 2028\n\nAt this point, investors can obtain a 1.5 times leveraged return on BTC's increase (no upper limit)\n\n→ If BTC doubles in four years, investor return = 1.5 × increase\n\n→ If BTC skyrockets in four years, the return may be exponential\n\n3) But the risk is enormous: If BTC falls more than 40%, the principal will suffer significant losses\n\nThe document clearly states: If BTC plummets, investors will lose most of their principal\n\nJPM also warns that BTC's historical volatility is "far higher than traditional assets"\n\n📌 Bloomberg analyst James Seyffart commented:\n\n"It is common for banks to make such structured notes, but those linked to Bitcoin are rare."