MicroStrategy CEO Says JPMorgan CEO Jamie Dimon Is a Bitcoiner Behind the Scenes
By:BeInCrypto
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Strategy CEO Phong Le says JPMorgan chief Jamie Dimon privately supports Bitcoin, despite years of public attacks on it. Le made the half-joking claim on Natalie Brunells Coin Stories podcast. Strategy, formerly MicroStrategy, is a US software firm that became the biggest corporate owner of Bitcoin (BTC). The company holds about 846,000 coins, roughly 4% of all Bitcoin in existence. MicroStrategy BTC Holdings. Source: Bitcoin Treasuries
Why Phong Le Calls Jamie Dimon a Bitcoin Believer
Brunell asked what Dimon would think of MicroStrategys goal to become the JPMorgan of Bitcoin. Le laughed before answering.
I think Jamie Dimon is a Bitcoiner behind the scenes, but hell say what he needs to say externally. I think everyone is a Bitcoiner privately once they learn and understand Bitcoin, he said.
Le said he does not want MicroStrategy to become a bank. Instead, he wants it at the center of Bitcoin-based finance, building and selling investment products the way JPMorgan does on Wall Street.
He also pushed back on the idea that Bitcoin will replace banks. In his view, it will improve the current system, and the US dollar will stay. Le added that Bitcoin and artificial intelligence (AI) are the two most important technologies of this century.
What Jamie Dimon Has Said About Bitcoin
Dimons public record points the other way. In 2024, he dismissed Bitcoin as a pet rock that does nothing.
In January 2025, he compared buying Bitcoin to smoking, saying people have the right but should not.
We are going to have some kind of digital currency at some point. Im not against crypto. You know, Bitcoin itself has no intrinsic value. Its used heavily by sex traffickers, money launderers, ransomwareI just dont feel great about Bitcoin. I applaud your ability to wanna buy or sell it. Just like I think you have the right to smoke, but I dont think you should smoke, Dimon said in the interview.
Yet his bank has moved closer to crypto. In October 2025, JPMorgan said institutional clients could use Bitcoin as collateral for loans, with third-party firms holding the coins.
In the same way, JPMorgan has been involved in the cryptocurrency space. The financial giant currently holds a substantial position in Bitcoin ETFs, reflecting the firms interest in digital assets. Its investments in crypto ETFs suggest that the bank recognizes the potential of digital assets.
Donald Trump suggested in July last year that Jamie Dimon has softened his earlier harsh stance on Bitcoin. Trump also briefly supported Dimon for Treasury Secretary.
Jamie Dimon was, you know, very negative and now all of a sudden hes changed his tune a little bit, Trump said.
However, Dimons most recent comments indicate he remains critical of Bitcoin, despite Trumps suggestion of a shift in his views. Dimon still fights crypto firms that act like banks.
In May 2026, he said US banks would fight the CLARITY Act, a bill setting rules for US crypto markets. His objection centers on rewards paid to holders of stablecoins, digital tokens pegged to the dollar.
Brunell closed the exchange by citing MicroStrategy co-founder Michael Saylors view that everyone is against Bitcoin before they are for it.
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