JPMorgan is warning of risks associated with a company's bitcoin sales policy, specifically citing the potential for "two-way risk" in crypto markets. However, there is some uncertainty as to whether this policy is the main risk to bitcoin, with some reports suggesting that other factors, such as private blockchains, may pose a greater threat. The company in question, referred to as "Strategy" or possibly "MicroStrategy", has reportedly sold a significant amount of bitcoin, marking a shift from its previous stance.