The Financial War of Bitcoin: How Digital Gold Disrupts the Traditional Banking System?

“Financialists”: The Empire of Debt Stacking

First, let us get to know a powerful force - the “financialists.” Who are they? They include the Federal Reserve, JPMorgan Chase, the historically significant banking families in Europe, and the complex derivatives market that supports them behind the scenes. It can be said that since the secret establishment of the framework for the synthetic currency system in a small room in 1913, they have controlled the world for more than a century.

The core means by which they control the world is not through direct ownership of assets, but through the continuous circulation and accumulation of “debts.”

Collateral

Yield

Price Signal

Credit System

Eurodollar, swap, futures, repurchase

These tools are stacked upon one another, tightly interconnected like a Bodhidharma, firmly holding the entire financial track and currency flow in hand. They exist as the “silent killers” in the financial world, constructing a vast financial empire through debt.

“Sovereignty Advocates”: Seeking a Way Out

In stark contrast to the “financialists” is another emerging force - the “sovereigntists”. They include:

Countries trying to break free from the hegemony of the US dollar.

Tired of the inefficiency and layers of exploitation in the banking system.

And like you and me, ordinary people choose to firmly control their wealth in their own hands, pursuing “permissionless” assets.

Despite their different motivations, their core demands converge: they all yearn to find a way out of the old, blood-sucking financial system. And Bitcoin has become the first “lifeboat” they see.

The “fuse” of Bitcoin and the qualitative change of MicroStrategy

Initially, it was not Bitcoin itself that ignited this war. Bitcoin was more like a fuse that shook people's perceptions and showcased another possibility of finance. However, it was MicroStrategy that truly unsettled the foundations of the old world power. This company demonstrated through concrete actions that Bitcoin can be used as collateral, deeply integrating it into the capital markets, which undoubtedly signifies a qualitative change in its status within the financial system.

This is not a simple fluctuation in price, but the true prologue to a financial war. It reveals that Bitcoin is no longer a marginalized digital currency, but a key collateral with the potential to impact the core of traditional finance.

To better understand this transformation, we have to mention a product that sounds quite hardcore - STRC. STRC is not an ordinary bond, nor is it a typical new financial product; it is not even something that MicroStrategy created out of thin air.

STRC: A Disruptive Bitcoin Financial Engine

STRC is the world's first regulatory-compliant financial engine backed by Bitcoin. What does this mean? It means that ordinary savers can now openly purchase a Bitcoin-backed, yield-generating product in their brokerage accounts. You don't need to open a bank account, nor do you need to engage with the complex shadow banking system. Even more strikingly, the current STRC yield can be as high as 10.75%, while traditional bank savings interest typically ranges from only 0.1% to 1%, highlighting a stark contrast.

However, what makes STRC most noteworthy is not just its high returns, but the monetary feedback loop mechanism behind it — this is the fundamental reason that keeps the “financialists” on edge.

Investors buy STRC: funds flow into MicroStrategy.

MicroStrategy used this funding to purchase real Bitcoin: the supply of Bitcoin in the market has tightened as a result.

Bitcoin price rises: as supply decreases and demand increases.

The value of Bitcoin as collateral increases, leading to a decrease in the cost of borrowing for MicroStrategy.

Low-cost attraction of more investors to purchase STRC: forming a virtuous cycle, the company needs to buy more Bitcoin.

This is a perfect self-reinforcing flywheel, a perpetual motion machine with ever-increasing scarcity! This is exactly what truly terrifies traditional financial giants.

The traditional banking system cannot operate this mechanism. They cannot accept Bitcoin as collateral, cannot use Bitcoin for settlement, cannot easily “print” Bitcoin out of thin air, and cannot easily freeze it. In the past, they were able to control everything because they could create “debt” infinitely; but now, Bitcoin is a physical asset, a hard currency.

This is the first time in human history that ordinary individuals can participate directly in the circulation of capital within a regulatory framework, bypassing the banking system. When this Pandora's box is opened, the first wave of attacks arrives quietly.

JPMorgan's Sniping and 'Synthetic Counterattack'

In July 2025, JPMorgan's “Gold Medal Brokerage” department suddenly announced that it would significantly raise MicroStrategy's margin requirement from 50% to 95%. This means that if you want to purchase $100,000 worth of MSTR stock, you now need to put up $95,000 in cash, nearly shutting down the possibility of leveraged trading.

This is not an ordinary market adjustment. It is worth noting that JPMorgan has not taken similar actions against high-volatility stocks like Tesla, Nvidia, or Coinbase. MSTR has become the only target. Behind this, it is clearly not just simple market competition, but more like a premeditated and coordinated suppression action.

Shortly thereafter, the “synthetic counterattack” also followed. On November 25, 2025, JPMorgan submitted documents to the U.S. Securities and Exchange Commission to launch a leveraged Bitcoin structured note linked to BlackRock's IBIT ETF. This is a textbook demonstration of Wall Street's “old tricks.”

Wall Street does not control assets; they control the “credit rights” to assets. They have never owned gold, yet they control synthetic gold; they do not have silver, yet they can control synthetic silver; synthetic government bonds, synthetic credit. So, naturally, they now want to create “synthetic Bitcoin” in the realm of Bitcoin.

The Repetition of History: The Unreplicable “Currency Physics”

Looking back at history, whether it is the transformation of American finance from agriculture to industry in the early 20th century, or the various patterns of power concentration and narrative control over the past century, we find striking similarities. Whenever the old system is threatened, the response is always to concentrate power, control the narrative, and suppress everything that does not conform to the new standards.

However, this time the script can no longer be repeated. Because the real war has long transcended the realm of Bitcoin and the US dollar, and even Bitcoin and Wall Street. It concerns the competition for “tracks”—those systems that bring value into Bitcoin and create credit from Bitcoin. Whoever controls these tracks controls the future monetary system.

MicroStrategy, through its STRC product, revealed a secret that Wall Street does not want the world to know: Bitcoin can be used as flawless collateral to operate in the capital markets!

Once this fact comes to light, the “financialists” model begins to collapse. For over a hundred years, their power has been rooted in the ability to multiply collateral: gold can establish a 100:1 paper debt system, the dollar can be infinitely multiplied through a fractional reserve system, and government bonds are repeatedly mortgaged within the banking system. However, Bitcoin breaks all these advantages. You can create synthetic Bitcoin exposure, but you cannot create synthetic Bitcoin collateral!

The Demand of Wall Street: Yield and Struggle

The behavior of Wall Street itself is the best proof. BlackRock has launched the fastest-growing ETF in history, with its underlying asset not being bonds, stocks, or gold, but Bitcoin! Fidelity and Franklin Templeton have also followed suit. Even JPMorgan, which once raised margin requirements for MicroStrategy and specifically targeted Bitcoin-related companies, is now competing to launch structured notes linked to Bitcoin. This inevitably makes one ponder: “Why?”

The answer is simple: they are well aware of what Bitcoin is becoming - a new collateral layer that will absorb more liquidity than any other asset in the financial system.

This is not out of fear, but a profound market demand from the world's largest financial institutions. What they don't want us to understand is that with every Wall Street product they launch, whether it's an ETF, structured note, or synthetic tool, they are controlling the rails, capturing fees, managing convexity, and extracting upside profits. You may have gained some exposure, but they hold most of the economic benefits.

Your choice: to own real assets

However, you don't need to buy these synthetic versions at all. You don't need banks to act on your behalf, nor do you need structured notes, third-party custodians, or derivatives trading desks. You can own Bitcoin directly—this real asset, this scarce collateral— which is precisely what Wall Street is rushing to package, repackage, and try to strip away from you! This is the real return.

The “financialists” are not fighting against Bitcoin because it poses a threat; they are fighting to get a piece of the pie because they realize that Bitcoin is the cornerstone of the next system. They are trying to control the track because they know where liquidity will flow. But you do not need their track. Bitcoin has already provided you with your own track.

Those who can understand this early and be prepared before this transformation becomes obvious will be the real winners in this era change. The choice is now in your hands. **$PHB **$OXT **$OG **