MicroStrategy CEO Says JPMorgan CEO Jamie Dimon Is a Bitcoiner Behind the Scenes

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 Brunell’s 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.

Why Phong Le Calls Jamie Dimon a Bitcoin Believer

Brunell asked what Dimon would think of MicroStrategy’s goal to become the “JPMorgan of Bitcoin.” Le laughed before answering.

“I think Jamie Dimon is a Bitcoiner behind the scenes, but he’ll 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

Dimon’s public record points the other way. In 2024, he dismissed Bitcoin as a “pet rock” that does nothing.

"There are cryptocurrencies that do something, that might have value. And then there's one that does nothing, I call it pet rock. The #Bitcoin, or something like that," says @JPMorgan CEO Jamie Dimon. "It has some use cases. Everything else is people trading among themselves." pic.twitter.com/EnUBuIEHkI

— Squawk Box (@SquawkCNBC) January 17, 2024

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. I’m not against crypto. You know, Bitcoin itself has no intrinsic value. It’s used heavily by sex traffickers, money launderers, ransomware…I just don’t 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 don’t 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 firm’s interest in digital assets. Its investments in crypto ETFs suggest that the bank recognizes the potential of digital assets.

BREAKING: JPMorgan bought $400M of iShares Bitcoin ETF in Q2iShares IBIT position jumped to 17.8M shares, now worth $650M pic.twitter.com/keo2EV2Vx2

— Bitcoin Archive (@BitcoinArchive) August 12, 2026

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 he’s changed his tune a little bit,” Trump said.

However, Dimon’s most recent comments indicate he remains critical of Bitcoin, despite Trump’s 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 Saylor’s view that everyone is against Bitcoin before they are for it.

Everyone is against Bitcoin before they are for Bitcoin. pic.twitter.com/knjD8TfHBh