#特朗普向欧洲实施新一轮关税措施 Wall Street's "Double Persona": Why does JPMorgan criticize Bitcoin but also rush to create on-chain USD?

On one hand, they publicly declare Bitcoin as a "scam," and then quietly launch their own JPM Coin—that's a brilliant move. When it comes to hypocrisy, traditional financial institutions are the masters.

Think about it: back in the day, the carriage industry loudly condemned cars as "monsters," but were they really afraid of cars? No. They feared that the entire rule system would be rewritten. The same goes for JPMorgan; what they truly fear isn't a string of code called Bitcoin, but the threat it represents.

What is JPMorgan's position in the financial system? To put it simply, they are the gatekeepers of dollar hegemony. With $3 trillion in assets, close ties to the Federal Reserve, and a hand in setting rules and collecting fees—this life is comfortable to the core.

But Bitcoin's emergence is different:
- Decentralized architecture bypasses banking intermediaries
- Cross-border payments are completed in seconds, shaking the status of the US dollar settlement network
- Code is law, challenging a century-old banking credit system

The most ironic part comes later.

JPMorgan was once a major investor in the crypto market, but as regulatory threats loomed, they immediately turned away; CEO Dimon has alternated between calling Bitcoin "rat poison" and praising it as "a clever invention"; publicly despising it, yet their blockchain division is aggressively hiring.

You might ask me: is this genuine hatred or fake? I tell you, this isn't hatred—it's a deep-seated fear—fear of being eliminated by the times, fear of the dollar hegemony being shaken.

So JPMorgan bets on JPM Coin with a simple logic: "Since the decentralized future is inevitable, I must take the lead using the chain I can control to dominate this game."

This is interesting. When everyone can issue their own coins and keep their own ledgers, how long can the traditional banks' "intermediary monopoly" last? $BTC $SOL The existence of these projects itself continually verifies one answer.

What do you think—can JPMorgan survive by relying on "on-chain USD," or will it ultimately lose its competitiveness in the face of the decentralized wave?