MicroStrategy CEO Suggests JPMorgan’s Jamie Dimon Is a Private Bitcoin Supporter

MicroStrategy CEO Phong Le told host Natalie Brunell on the Coin Stories podcast that he believes JPMorgan CEO Jamie Dimon is a "Bitcoiner behind the scenes," even though Dimon has repeatedly criticized Bitcoin publicly.

Le’s Comments on Dimon’s Stance

Le said Dimon would likely express a supportive view privately but maintain a critical public position. He added that many people become Bitcoin supporters once they understand the asset.

MicroStrategy’s Bitcoin Strategy

MicroStrategy, formerly known as Strategy, holds roughly 846,000 Bitcoin—about 4% of the total supply. Le emphasized that the company does not aim to become a bank; instead, it seeks to sit at the center of Bitcoin‑based finance by creating and selling investment products similar to those offered by traditional banks.

Dimon’s Public Remarks

Dimon has called Bitcoin a “pet rock” and compared buying it to smoking, stating that while individuals have the right to purchase it, he does not recommend doing so. He has also linked Bitcoin to illicit activities and claimed it lacks intrinsic value.

JPMorgan’s Evolving Crypto Involvement

• In October 2025, JPMorgan announced that institutional clients could use Bitcoin as collateral for loans, with third‑party custodians holding the coins.
• The bank has taken positions in Bitcoin exchange‑traded funds, including a reported $400 million purchase of iShares Bitcoin ETF shares in Q2 2026.

Broader Context

Other public figures, such as former President Donald Trump, have suggested Dimon’s stance may be softening, though Dimon’s recent comments continue to criticize Bitcoin and oppose certain crypto‑related legislation.