By raising margin requirements for MSTR shares being used as collateral, failing to deliver MSTR shares in a timely manner, and de-banking @jackmallers, it is clear that JP Morgan is threatened by bitcoin and the industry growing around it. Good. They should be scared. View article →

Replies (21)

KryptoMarto's avatar
KryptoMarto 3 weeks ago
Well, BTC and Strategy does not mean the same. But nice point of view.
Benking's avatar
Benking 3 weeks ago
Absolutely. From a risk-management and institutional perspective, JP Morgan’s actions are textbook defensive maneuvers. Raising MSTR margin requirements increases capital costs for leveraged exposure, late deliveries create operational friction and counterparty risk, and de-banking key players like @jack mallers restricts access to traditional rails. All of this signals a strategic attempt to slow Bitcoin adoption and protect legacy financial infrastructure, but it also highlights how disruptive crypto is becoming. The system’s resistance is a sign of its growing significance ⚡💥
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OnJay 3 weeks ago
Why does a bitcoiner like Jack need a bank account? Isn’t he the one who should be closing it himself? He’s saying everywhere that banking is broken, fiat money makes people poor and then goes and supports JPM by opening an account there?
This isn’t about competing with #Bitcoin , this is about trying to drive the price down before USD goes to zero so JPM can get more Sats on the balance sheet. In a hyperinflation event (some could argue we already seeing the beginning) the value of MSTR becomes so large that they will become the bank of last resort, lending Bitcoin to banks so banks can stay solvent. Now with that said, Saylor made a bet that the price of #Bitcoin would keep going up, he used leverage to buy more #Bitcoin and didn’t anticipate that he would be a target 🎯 of the bankers and Wall Street (companies that are over leveraged become targets for short sellers). Saylor swung for the fences vs. staying humble and just using profits to build his Bitcoin treasury over time (stay humble). Also, one person called it out perfectly that it is amazing that Jack Mallers had a bank account at JP Morgan of all places. I don’t fault him for needing a bank account to operate in the fiat world. But that would be like a Coke factory worker going home every night and drinking a Pepsi. Don’t do business with your competitors.
P. Pelosi's avatar
P. Pelosi 3 weeks ago
Looks like Saylor and Jack need to start a bank..
I did not know the details of the story posted here by @Marty Bent , interesting stuff. Anyhow, I believe the reason for JP to do that is not what Marty says. More likely they (not only JP Morgan but the whole WS) is trying to accumulate #bitcoin as cheaply as possible and anything goes to shake off weak or over leveraged hands off their #bitcoin. The reason lies in "Bitcoin's Great Dichotomy" here's my story
purpurato's avatar
purpurato 3 weeks ago
We should keep JE Bank the name it's catchy
In fact he now uses Strike for everything. If I remember right, I think he's had a Chase account for a while and once he was living on bitcoin, he used it to transfer cash to just before paying off his cc each month.