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Is JP Morgan Suppressing Bitcoin’s Price? | Beyond Bitcoin · Simply Bitcoin

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  JP Morgan Chase is one of the most.
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  Powerful institutions on the planet and their CEO and
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  chairman, Jamie Dimon. Might be.
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  The most powerful man alive in finance today.
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  What if this man who sits in the center?
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  Of some. Of the.
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  Biggest financial scandals? Of all of modern history is also
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  one of the key players keeping bitcoins, price and bull run
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  suppressed. You're going to want to grab
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  your machetes for this one. Because.
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  We're going to get into the weeds I'm oceans.
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  This is beyond Bitcoin. Let's go Imagine this.
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  You run a multi $1,000,000 financial company.
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  Your entire business, payroll, customer deposits, payouts,
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  liquidity depends on the smooth, invisible rails of the banking
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  system. You're trusted by your clients.
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  You're regulated, you're compliant.
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  You're doing everything by the book.
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  And then one morning you wake up to an e-mail.
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  Not a warning, not a question, not a flag.
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  Just a message from your bank. The biggest bank in America,
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  telling you that your accounts are closed.
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  No loans, no savings, no ability to move money, no financial
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  products of any kind. Effective immediately.
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  Snip. Just like that, the entire
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  foundation of your company is gone.
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  Payroll frozen, vendors blocked, customer funds stuck.
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  Entire industries relying on your infrastructure dead in the
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  water. The wild part?
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  You didn't break the law, you didn't commit fraud, you didn't
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  do anything wrong. You were just cut off.
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  That's the nightmare that just became real for strike one of
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  the most important Bitcoin payments companies in America
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  after JP Morgan Chase suddenly pulled the plug on all their
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  accounts. And if a regulated, legitimate
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  company serving millions of users can be erased from the
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  financial system overnight, what does it say about the rest of
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  us? To really understand what's
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  happening now, you have to understand what JP Morgan Chase
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  actually is. This isn't just a bank.
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  It's the final form of over 1000 predecessors merged over more
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  than two centuries. And it goes all the way back to
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  1799, when Aaron Burr, excuse me, helped create the Manhattan
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  Company as a water company for New York with a sneaky little
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  claws in its charter that allowed it to operate as a bank
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  instead. Public purpose on the surface,
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  private power underneath from day one.
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  Fast forward a century. J Pierpont Morgan is personally
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  brokering bailouts in the panic of 19 O 7, so powerful that the
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  government literally calls him to stabilize the system, which
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  eventually leads to the creation of the Federal Reserve as a
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  response. Fast forward again, in 1955, the
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  Manhattan company merges with Chase National, turning it into
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  Chase Manhattan Bank. In 2000, Chase Manhattan merges
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  with JP Morgan and Co. This is the modern JP Morgan
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  Chase and Co. In 2004, JP Morgan acquires Bank
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  One, bringing in Jamie Dimon. January 14th, 2004.
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  That was when JP Morgan Chase said it would buy smaller rival
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  Bank One Corp for more than $50 billion.
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  The deal gave JP Morgan access to Bank One's 290 million
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  billion dollars of assets, 7 million retail customers and
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  500,000 small business clients. But the biggest prize would be
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  the onboarding of a 40 something Wall Street wunderkind named
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  Jamie Dimon. Then comes 2008 and we all know
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  what happened. In 2008, when Bear Stearns is on
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  the verge of collapse, JP Morgan acquires it with 10s of billions
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  in Federal Reserve guarantees to absorb the risk.
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  When Washington Mutual fails the largest bank in U.S. history at
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  the time, JP Morgan again swoops in and acquires key assets with
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  government assistance. Even in 2023 when First Republic
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  goes down, who's there to pick up the pieces with FDIC support?
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  JP Morgan Chase over and over and over.
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  There's a crisis. The government steps in, and JP
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  Morgan emerges bigger. It's like the final boss that
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  keeps leveling up after you think you beat him.
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  And it's not just size. Look at the rap sheet.
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  In 2012, the London whales scandal.
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  Over 6 billion in trading losses in its chief investment office,
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  followed by 920 million in fines for unsafe and unsound
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  practices. In 2020, nearly 1 billion in
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  civil and criminal penalties for using spoofing to manipulate
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  precious metals and Treasury markets.
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  In 2023, at least 290 million to settle claims from Jeffrey
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  Epstein's accusers, plus another 75,000,000 to the US Virgin
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  Islands over allegations JP Morgan turned a blind eye while
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  Epstein used the bank to facilitate his crimes.
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  In 2024, around 348 million in new fines for inadequate trade
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  surveillance and market misconduct monitoring.
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  You don't pay those kinds of fines unless you are so central,
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  so systematically important, that you're effectively above
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  the normal rules. So when we ask, is JP Morgan
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  more powerful than the Fed? It's not a meme, it's a serious
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  question. Because in crisis after crisis,
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  the Fed and the government have been over backwards to keep JP
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  Morgan standing, while JP Morgan in turn has gained even more
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  control over the financial rails everyone else has to use.
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  And now that power is being aimed squarely at Bitcoins
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  ecosystem. Now layer this on top.
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  A major US Bitcoin payments company strike wakes up to find
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  out it's being debanked by JP Morgan.
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  No fraud charges, no criminal allegations.
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  Just we're done and we can't tell you why.
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  This is what I want you to really sit with.
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  Everyone thinks that the power of a bank is in the money that
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  it holds. It's not.
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  The real power of a bank is the ability to say no.
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  No account, no loan, no wires, no access.
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  And here's the real twisted part.
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  The money you think is yours in the bank.
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  Legally, it isn't. When you deposit dollars, you
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  don't keep ownership. The bank does.
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  You become an unsecured creditor, You hold a claim, and
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  I owe you. Your access is a privilege, not
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  a right. And that privilege can be
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  revoked if you become politically inconvenient, system
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  threatening, or just too aligned with the wrong future.
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  We've seen this, businesses debanked over political views,
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  individuals debanked over associations, like we've seen in
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  the Canadian truckers protest, entire industries treated as
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  radioactive, The marijuana industry, for instance.
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  So when a Bitcoin company like Strike gets cut off, it's not
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  just a business problem, it's a message.
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  The banks had a monopoly for decades.
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  They controlled savings, loans, payments, credit settlement.
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  Then something happened that they didn't expect.
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  Bitcoin, stablecoins and crypto rails started to grow outside of
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  their walled gardens. They watched as Coinbase grew
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  into a massive on ramp. Robin Hood on boarded an entire
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  generation to trading. Bitcoin and other assets like it
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  see trillions in cumulative volume.
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  At first they laughed, then they lobbied, then they tried to
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  ignore it, but the market would not let them.
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  Crypto got too big to dismiss, so they pivoted to Plan B.
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  If you can't kill it, integrate it.
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  But on our terms. Custody products, tokenized
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  deposits, bank grade blockchain solutions.
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  But at the same time, closing accounts, pressuring companies,
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  nudging regulators, controlling on and off ramps.
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  One hand offers a shiny crypto product, the other hand keeps
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  its fingers wrapped around a kill switch.
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  And if you think about it, this makes perfect sense.
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  From their perspective, Bitcoin and crypto threatened to expose
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  a fundamental crisis within our current banking system through
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  their decentralized, ungovernable design.
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  No one controls Bitcoin, and that's a problem for an industry
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  that has systematically rooted itself into every transaction
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  that we make or take. Why would a cartel keep banking
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  a customer that's actively building the rails to root
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  around them? Some people find Bitcoin through
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  curiosity. Some people find Bitcoin through
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  number go up. If your existence threatens the
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  incentives of the old financial guard, you're not a customer.
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  You're a problem, and problems get removed because, again, it's
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  not your money if you need permission to use it.
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  Let's zoom out for a second. Having your entire financial
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  life dependent on a handful of banks is one kind of risk.
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  There's another kind too. Real world shocks, blackouts,
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  natural disasters, grid issues, supply chain breakdowns.
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  So on one side of this economic civil war, you have the old
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  banking cartel, which is JP Morgan or too big to fail banks,
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  the legacy rails. But on the other side, you have
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  new rails forming stable coins like Tether, global dollar
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  demand outside of traditional banks and sitting behind all of
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  it, Bitcoin as the hard collateral of last resort.
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  When Tether earns interest on its treasury pile, they buy
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  Bitcoin and gold, hard sovereign assets, which means Bitcoin is
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  becoming the check and balance of both banks and stable coins.
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  We live in a world where human committees change the rules
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  whenever it's convenient, central banks print trillions
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  when the system wobbles, bank CEOs quietly shape markets and
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  access, and monetary policy is whatever a rotating cast of
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  officials say it is in this cycle.
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  This is all versus a 21 million hard cap, a transparent
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  issuance, Open Access rules enforced by code, not
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  personalities. Yet most people still default to
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  paper money today. That's not a bug, that's just
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  how early we are. Sometimes adoption shifts
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  slowly. Sometimes there's a catalytic
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  event where the mask slips so hard people rushed to the exit
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  all at once. DE banking, weaponized finance,
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  index, exclusion, regulatory games.
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  These are all kinds of cracks that push people from trusting
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  institutions to trusting math. So let's connect the dots.
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  A bank reduces exposure to a Bitcoin treasury company right
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  as the index game turns against it.
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  The same bank D banks, a major Bitcoin payments company.
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  That bank has spent years paying billions in fines for everything
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  from market manipulation to rogue trading to failing to stop
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  a serial predator like Epstein to use its accounts.
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  Meanwhile, people are slowly realizing their bank deposits
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  are just unsecured Ious that can be frozen on a whim.
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  Old guard versus new guard. Human money versus math money.
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  You can call it an economic civil war, or you can call it
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  the messy transition from one monetary operating system to
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  another, But whatever you call it, you are living through it.
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  And pretending it's just volatility is like standing in
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  the middle of a battlefield. And complaining about the noise.
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  So what does Bitcoin actually do in this story?
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  It takes money out of the permission system.
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  It turns balances into bearer assets.
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  It removes kill switches from CEOs and committees.
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  And it gives people something that can't be debased, frozen,
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  or censored by banks like JP Morgan.
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  Bitcoin is not perfect. It's not painless.
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  But it is different. And that difference matters when
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  index providers quietly gatekeep banks, quietly debank
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  politicians quietly weaponize finance, and the monetary base
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  keeps quietly expanding. When you hold Bitcoin in your
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  own custody, you're stepping outside of that game where Jamie
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  Dimon, MSCI, the Fed, the Treasury, or whoever's in office
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  can change the track mid ride. You're anchoring part of your
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  life to something with fixed rules, visible to everyone,
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  changeable by #1 that's the core and that's the point.
• 11:51
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  watching this video. If you like what you see and you
• 12:37
  want to see more, make sure you hit that like button below or
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  notification bell. I'm oceans.
• 12:47
  This is beyond Bitcoin. Until next time.