Trump vs JPMorgan: The Ultimate Showdown Between Two Dollar Monetary Orders and the New Era of Bitcoin

Trump vs JPMorgan: A Historic Clash Between Two Dollar Monetary Systems

Over the past year, U.S. politics, financial markets, and mainstream narratives have been simultaneously changing their behavior patterns.

This is not a normal cycle, nor is it a traditional bipartisan conflict; rather, it is an intense collision between two monetary orders within the dollar system itself.

On one side is Trump, representing a Treasury-centered approach, attempting to promote a new financial architecture based on Bitcoin + national-level digital assets;

On the other side is the traditional banking group led by JPMorgan, along with the old credit money system maintained by the Federal Reserve.

This conflict has already spread from the political level to the market, liquidity, derivatives, narratives, and institutional levels, and is reshaping the future of the dollar.

1. The Starting Point of the Conflict: Trump Challenges the Old Powers of the Federal Reserve and Wall Street

Recently, Trump has publicly emphasized his desire for the Treasury to regain greater monetary influence and to promote a strategic layout for the U.S. in Bitcoin and digital currencies.

This directly conflicts with the independence of the Federal Reserve and the banking system’s monopoly over credit creation and dollar liquidity.

The two systems cannot run in parallel:

A Treasury-led digital dollar + BTC reserve system would weaken the Federal Reserve’s dominance over currency.

The power of market-based credit and the banking system would prevent the Treasury from establishing a new monetary architecture through digital tools.

The rise of one means the decline of the other; peaceful coexistence is impossible.

2. JPMorgan vs Trump: From Political Hostility to Financial Retaliation

The friction between JPMorgan and Trump has a long history, including refusal to provide services, severing ties, and explicitly maintaining political distance after 2020.

Now, Trump has drawn JPMorgan into the context of the Epstein-related network, which is seen as a precise "political counterattack."

This personal feud is transforming into a systemic confrontation.

3. Market-Level Conflict: JPMorgan Begins Attacking BTC’s Key Infrastructure

As the political battle escalates, JPMorgan’s counterattack has shifted to their area of expertise: market mechanisms.

Specific actions include:

Increasing pressure on MicroStrategy (MSTR)

Blocking key capital flows into Bitcoin

Using derivatives, short-selling structures, and custody delays to create volatility

Reactivating the “price suppression mode” from the gold era

This is not chaos, but an organized and targeted system defense: turning Bitcoin into an uncontrollable asset and weakening its status as a candidate for national reserves.

4. A New System Is Taking Shape: A Treasury-Led Digital Currency Architecture

Unlike the financialization model of banks, the Treasury is advancing a completely different framework:

Programmable digital dollars (programmable money)

A stablecoin framework controlled by the Treasury

National-level Bitcoin reserve strategy

This is not an upgrade of the old system, but a complete replacement.

In this system:

The Federal Reserve is no longer the sole issuer and regulator of currency

The monopoly of banks over credit creation and dollar channels is weakened

BTC becomes a strategic collateral or reserve asset

For global banking giants like JPMorgan, this is a threat to survival.

5. Bitcoin: Not the Target, but the Battlefield

In the eyes of the old system, Bitcoin’s structure is disruptive;

In the eyes of the new system, Bitcoin is a strategic asset and a tool of power.

Both sides know:

If the Treasury prematurely announces BTC as a strategic reserve, it will trigger an uncontrollable surge.

Therefore:

The new system wants to accumulate quietly

The old system wants to prolong suppression

Market volatility has become structural, not emotional

Bitcoin has shifted from a speculative asset to the battlefield for two systems vying for the future of the dollar.

6. MicroStrategy: The Underestimated “System Node”

The significance of MSTR goes far beyond that of a single company.

Its structure achieves:

Cash → Treasury bonds → Credit → Long-term BTC exposure

Institutions can access BTC without holding coins directly

Building a bridge to a “Bitcoin version of the shadow banking system”

This makes MSTR an “entry node” in the new system.

JPMorgan’s attack on MSTR is essentially an attack on the new system’s channels.

There is even a possibility:

The Treasury may eventually use treasury bonds as an exchange to enter MSTR’s equity layer.

If this happens, it will prove that the U.S. is protecting key nodes in its new system.

7. The Final Stop: The Battle for Federal Reserve Control

All conflicts ultimately focus on the same question:

Who controls the Federal Reserve?

Trump must secure a majority of seats on the Federal Reserve Board before Powell’s term ends.

This will determine:

Whether the Federal Reserve maintains the old system

Or is incorporated into the new Treasury-led architecture

The ownership of the dollar after 2025 will be decided in the coming months.

Conclusion: The Fork in the Dollar Era Is Approaching

If the Treasury-led system wins:

The dollar will shift toward digitization and programmability

Bitcoin will become collateral and a reserve asset

The U.S. will establish a more centralized and technologically advanced new monetary model

If the old system wins:

The credit cycle of the Federal Reserve and the banking system continues

The dollar maintains its traditional structure

Bitcoin continues as a counter-asset rather than a strategic resource

And we are standing at the forefront of this century-long transfer of monetary power.