America’s Biggest Bank Just Signaled a Surrender to Bitcoin
Jamie Dimon#JamieDimon once dismissed Bitcoin as “a fraud.”
Today, his bank just filed paperwork to sell it.
On Monday, JPMorgan submitted SEC documents for leveraged Bitcoin notes—
1.5x upside, no cap, maturity in 2028.
Conveniently, the same year as the next halving.
This isn’t a routine product launch.
It’s a white flag.
Now let’s look at the numbers Wall Street hopes the public never runs:
The global bond market stands at $145.1 trillion.
Yes—trillion.
All sitting in fiat instruments backed by governments that printed 40% of all existing U.S. dollars during one pandemic.
Bitcoin’s supply?
Permanently fixed at 21 million.
No emergency authorizations, no central bank levers, no political discretion.
Math doesn’t negotiate.
And now the real domino is approaching:
January 15, 2026.
MSCI will decide whether to eject Strategy from major stock indices.
If they do, the market faces $8.8 billion in forced selling.
Strategy currently holds 649,870 Bitcoin.
Cost basis: $BTC 74,433
Current price: $BTC 91,300
The margin for error is microscopic.
But here’s the part almost nobody is talking about:
The IRS recently excluded unrealized Bitcoin gains from the 15% corporate minimum tax.
That’s $BTC 1.65 billion Strategy doesn’t have to pay.
The constitutional moat around Bitcoin is deeper than people think.
JPMorgan isn’t attacking Bitcoin anymore.
JPMorgan is positioning itself to control the toll roads as $145 trillion begins migrating from paper IOUs to mathematical certainty.
The world’s largest bank versus the world’s largest Bitcoin holder.
Only one aligns both sides.
And we are just 47 days away from the decision that could reshape global finance.
The great collateral migration has already begun.
