MicroStrategy CEO Phong Le has claimed that JPMorgan's Jamie Dimon privately supports Bitcoin despite years of public attacks on the cryptocurrency. According to reports from Coin Stories podcast, Le made the half-joking assertion during a conversation about MicroStrategy's goal to become the 'JPMorgan of Bitcoin.' Le stated that he believes '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.' The claim comes as MicroStrategy holds approximately 846,000 Bitcoin coins, representing about 4% of all Bitcoin in existence.
MicroStrategy CEO Michael Saylor has outlined a comprehensive 'bill of digital rights' framework in his recent essay titled 'Prescriptions for Prosperity in the Digital Economy' dated September 26. The framework encompasses five fundamental rights: creating, issuing, custodying, transferring, and using digital assets that should apply to both individuals and corporations. Saylor argues that restrictions on an asset's usefulness can limit its economic potential, stating 'The age of Digital Assets and Digital Intelligence needs a bill of digital rights, not a bill of restrictions.' He also proposes a 'de minimis' exemption for ordinary digital-asset payments, with a larger, inflation-adjusted threshold that removes transaction-by-transaction calculations.
MicroStrategy CEO Michael Saylor has outlined a comprehensive plan for banks to hold and lend against Bitcoin, setting out his vision in a policy post after speaking at the Bitcoin Policy Institute's Freedom Tech DC summit. Saylor wants banks to offer custody services, meaning they store Bitcoin on a customer's behalf, and issue loans backed by that Bitcoin under clear, workable rules. However, he faces significant regulatory hurdles, as the Basel framework currently assigns a 1,250% risk weight to crypto holdings, making it prohibitively expensive for banks to hold digital assets. Saylor expects bank adoption to become a major driver of growth, with more banks competing for Bitcoin owners potentially pulling fresh capital into the asset with limited supply.
Saylor projects digital assets could grow into a $100 trillion industry, tying this figure to the artificial intelligence revolution. He expects AI agents to research, negotiate, and buy things on behalf of their owners, creating an economy that needs money that moves at software speed around the clock. By contrast, today's financial system runs on human identities and working hours. Saylor ranks major-bank Bitcoin uptake at 32% in July according to MicroStrategy's Bitcoin Banking Adoption Index, indicating significant institutional progress despite regulatory challenges.
MicroStrategy's Bitcoin holdings have reached 846,000 BTC, worth $71.62 billion as of the latest reports. Meanwhile, MSTR stock was trading at $158.61 after a decline of 1.86% in the past trading session. STRC was changing hands at ₹98.54 after a hike of 0.23% during the same period. Bitcoin was hovering around ₹84,640.20 at press time after jumping from $75,000 within weeks, reflecting the broader cryptocurrency market recovery.
