Simply Bitcoin Is JP Morgan Suppressing Bitcoin’s Price? | Beyond Bitcoin
Dec 6, 2025
A powerful bank's actions raise questions about Bitcoin's necessity in today's financial landscape. Strike's abrupt debanking reveals the hidden power banks wield over access. The history of JPMorgan shows its dominance, often growing through crises. As banks react to the crypto surge, the debate emerges between control and true financial freedom. Bitcoin stands as a hard asset, challenging traditional systems while removing banks' ability to censor funds. This struggle between legacy and new economic frameworks paints a vivid picture of the financial future.
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Strike's Sudden Debanking
- Strike, a major US Bitcoin payments company, woke up to an email informing them their JPMorgan Chase accounts were closed effective immediately.
- The closure left payroll, vendor payments, and customer funds frozen despite no fraud or criminal charges.
JPMorgan As The Financial Final Boss
- JPMorgan Chase evolved from two centuries of mergers into a systemically important financial giant that grows after crises.
- Its repeated rescues and acquisitions make it effectively above normal rules and central to the financial rails everyone uses.
Power Lies In The Bank's 'No'
- The true power of a bank is the ability to say no, not the money it holds.
- Depositors legally become unsecured creditors, so access can be revoked as a privilege, not a right.