Bluechip
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The Biggest Bank in America Just Surrendered to Bitcoin
Jamie Dimon called Bitcoin “a fraud.”
His bank just filed to sell it.
Monday, JPMorgan submitted SEC paperwork for leveraged Bitcoin notes. 1.5x upside. No cap. Maturity: 2028.
The same year as the next halving.
This is not a product launch. This is a white flag.
Here is the math Wall Street hopes you never calculate:
Global bond markets hold $145.1 trillion. That is not a typo. One hundred forty-five trillion dollars sitting in fiat instruments backed by governments that printed 40% of all U.S. dollars in existence during a single pandemic.
Bitcoin’s supply? Fixed at 21 million. Forever. No emergency powers. No central bank discretion. Mathematics does not negotiate.
Now watch what happens next:
January 15, 2026. MSCI decides whether to kick Strategy out of major stock indices. If they do, $8.8 billion in forced selling hits the market. Strategy holds 649,870 Bitcoin. Cost basis: $74,433. Current price: $91,300. The margin for error is razor thin.
But here is what nobody is discussing:
The IRS just exempted unrealized Bitcoin gains from the 15% corporate minimum tax. That is $1.65 billion Strategy does not owe. The constitutional moat is real.
JPMorgan is not attacking Bitcoin.
JPMorgan is positioning to own the tollbooths as $145 trillion begins migrating from paper promises to mathematical certainty.
The world’s largest bank versus the world’s largest Bitcoin company.
Only one satisfies both.
Forty-seven days until the decision that reshapes global finance.
The great collateral migration has begun.
$BTC
Jamie Dimon called Bitcoin “a fraud.”
His bank just filed to sell it.
Monday, JPMorgan submitted SEC paperwork for leveraged Bitcoin notes. 1.5x upside. No cap. Maturity: 2028.
The same year as the next halving.
This is not a product launch. This is a white flag.
Here is the math Wall Street hopes you never calculate:
Global bond markets hold $145.1 trillion. That is not a typo. One hundred forty-five trillion dollars sitting in fiat instruments backed by governments that printed 40% of all U.S. dollars in existence during a single pandemic.
Bitcoin’s supply? Fixed at 21 million. Forever. No emergency powers. No central bank discretion. Mathematics does not negotiate.
Now watch what happens next:
January 15, 2026. MSCI decides whether to kick Strategy out of major stock indices. If they do, $8.8 billion in forced selling hits the market. Strategy holds 649,870 Bitcoin. Cost basis: $74,433. Current price: $91,300. The margin for error is razor thin.
But here is what nobody is discussing:
The IRS just exempted unrealized Bitcoin gains from the 15% corporate minimum tax. That is $1.65 billion Strategy does not owe. The constitutional moat is real.
JPMorgan is not attacking Bitcoin.
JPMorgan is positioning to own the tollbooths as $145 trillion begins migrating from paper promises to mathematical certainty.
The world’s largest bank versus the world’s largest Bitcoin company.
Only one satisfies both.
Forty-seven days until the decision that reshapes global finance.
The great collateral migration has begun.
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.