From: "I will fire employees who buy Bitcoin because it's against the rules—and also because they're stupid if they do" to "J.P. Morgan will allow its clients to buy Bitcoin" is just a moment apart 😂

Both are statements by Jamie Dimon, the first from 2017 and the second from yesterday. Don’t worry Jamie, we Bitcoiner are forgiving and we forgive you.

Jokes aside, something exciting happened yesterday: for the first time in history, the world's largest bank by market capitalization (and fifth by assets under management) has opened up to Bitcoin 🔥

J.P. Morgan’s move, which seems like a sort of response to BlackRock and its ETF, has surely been planned for some time, but we have to compliment its CEO for the timing 🤝

The announcement came just days after Moody’s downgraded its outlook on U.S. Treasuries, raising doubts about the solidity of the traditional financial system, which is based precisely on U.S. debt.

To simplify, it’s as if the rating agency said that the United States’ unlimited credit card "is about to expire."

And this is because the debt is out of control and could reach 180% of GDP in the coming years 😱

This, in turn, translates into rising Treasury yields and therefore an even higher cost of debt.

But if you think about it, all this could call into question the role of the dollar as the world’s reserve currency. Referring to the famous "Triffin Dilemma"—the game where the U.S. prints without limits because "the world keeps buying"—it might be about to break 💥

In this scenario of uncertainty about traditional finance, Bitcoin increasingly emerges as THE answer.

Even Larry Fink, CEO of BlackRock, stated in his letter to shareholders that "Bitcoin has what it takes to replace the U.S. dollar, precisely because of the irreversible situation related to U.S. debt."

What do you think? Let us know below! 👇