JPMorgan is no friend to bitcoin, but Dimon is fully aware of the real threats to not only the current system, in which he’s a central player, but also to any and all potential escape routes desired by his best customers.

This is why I can see him happily allowing bitcoin to develop to undermine Schwab and the WEF while simultaneously working to undermine it in the long run with his own preferred solutions.

Personally, I think he’s doomed to fail as I think Schwab is as well. The way in which both of them appear to succeed in the short-term will be frustrating as hell for bitcoin enthusiasts to watch. But they are both fighting against a tide whose time is long overdue.

Friend or foe, bitcoin doesn’t care. It will just keep accreting value and building a network strong enough to allow us to ignore their grand dreams of global control.