JP Morgan

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.

Sincerely,

Pele23

Posted Using INLEO