MicroStrategy CEO Says JPMorgan CEO Jamie Dimon Is a Bitcoiner Behind the Scenes
Strategy CEO Phong Le says JPMorgan chief Jamie Dimon privately helps Bitcoin, regardless of years of public assaults on it. Le made the half-joking declare on Natalie Brunell’s Coin Stories podcast.
Strategy, previously MicroStrategy, is a US software program agency that turned the largest company proprietor of Bitcoin (BTC). The firm holds about 846,000 cash, roughly 4% of all Bitcoin in existence.
Why Phong Le Calls Jamie Dimon a Bitcoin Believer
Brunell requested what Dimon would consider MicroStrategy’s purpose to grow to be the “JPMorgan of Bitcoin.” Le laughed earlier than answering.
“I believe Jamie Dimon is a Bitcoiner behind the scenes, however he’ll say what he must say externally. I believe everyone seems to be a Bitcoiner privately as soon as they study and perceive Bitcoin,” he said.
Le mentioned he doesn’t need MicroStrategy to grow to be a financial institution. Instead, he needs it at the middle of Bitcoin-based finance, constructing and promoting funding merchandise the method JPMorgan does on Wall Street.
He additionally pushed again on the concept that Bitcoin will change banks. In his view, it is going to enhance the present system, and the US greenback will keep. Le added that Bitcoin and synthetic intelligence (AI) are the two most necessary applied sciences of this century.
What Jamie Dimon Has Said About Bitcoin
Dimon’s public document factors the different method. In 2024, he dismissed Bitcoin as a “pet rock” that does nothing.
In January 2025, he compared buying Bitcoin to smoking, saying folks have the proper however shouldn’t.
“We are going to have some sort of digital forex in some unspecified time in the future. I’m not in opposition to crypto. You know, Bitcoin itself has no intrinsic worth. It’s used closely by intercourse traffickers, cash launderers, ransomware…I simply don’t really feel nice about Bitcoin. I applaud your capacity to wanna purchase or promote it. Just like I believe you’ve the proper to smoke, however I don’t assume it is best to smoke,” Dimon mentioned in the interview.
Yet his financial institution has moved nearer to crypto. In October 2025, JPMorgan mentioned institutional purchasers might use Bitcoin as collateral for loans, with third-party companies holding the cash.
In the similar method, JPMorgan has been concerned in the cryptocurrency area. The monetary large at present holds a substantial position in Bitcoin ETFs, reflecting the agency’s curiosity in digital property. Its investments in crypto ETFs counsel that the financial institution acknowledges the potential of digital property.
Donald Trump advised in July final 12 months that Jamie Dimon has softened his earlier harsh stance on Bitcoin. Trump additionally briefly supported Dimon for Treasury Secretary.
“Jamie Dimon was, , very adverse and now all of a sudden he’s modified his tune a little bit,” Trump mentioned.
However, Dimon’s most up-to-date feedback point out he stays important of Bitcoin, regardless of Trump’s suggestion of a shift in his views.
Dimon nonetheless fights crypto companies that act like banks. In May 2026, he mentioned US banks would fight the CLARITY Act, a invoice setting guidelines for US crypto markets. His objection facilities on rewards paid to holders of stablecoins, digital tokens pegged to the greenback.
Brunell closed the trade by citing MicroStrategy co-founder Michael Saylor’s view that everybody is in opposition to Bitcoin earlier than they’re for it.
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