Did J.P. Morgan & Saylor Just Crash Bitcoin? | This Week In Bitcoin | #BitcoinHardTalk Ep.107 (Part 1)
Nov 21, 2025hey hey Bitcoin wealth builders,
The recent drop in Bitcoin and stock prices has sent a wave of speculation through the market. While mainstream headlines search for a simple cause, the reality is far more complex. This wasn't a random market fluctuation; it was a calculated series of events orchestrated by the "financial industrial complex" in my opinion—a network that sits atop the technical, military, and media industrial complexes, using them all as tools.
This system uses public companies, media narratives, and complex financial instruments as weapons to manipulate markets, consolidate power, and separate you from your assets. The players may change, but the game remains the same.
This post breaks down the key events from "This Week in Bitcoin," which is Part 1 of the full BitcoinHardTalk Episode 107. We will unpack how major institutions maybe pulling the strings and what you can do to protect yourself.
Watch Part 1 above, and then read on as we unpack the most critical takeaways.
1. J.P. Morgan Uses MicroStrategy as a "Financial Weapon"
The continuation of this week's downturn began with a strategic "warning" from J.P. Morgan analysts. They publicly speculated that Michael Saylor's MicroStrategy could be excluded from key market indices, including the MSCI USA and the Nasdaq 100. This isn't just about market indices; it's a public demonstration of the network's power to control any CEO who enters their system through public markets and debt.
This is a significant threat because it hinges on reclassifying MicroStrategy from a standard "operating company" to an "investment company" under the 1940 Investment Company Act. If this happens, the massive passive index funds that track these benchmarks would be legally forced to sell their MicroStrategy shares. This would trigger enormous outflows, as these funds have nearly $9 billion in market exposure to the company.
This move is a classic example of the "proof of weapons network" in action. As I explain, once a CEO takes their company public and takes on debt, they become a tool that can be leveraged by the financial industrial complex.
...anybody that joins and goes public or goes through the private equity phase into the Silicon Valley phase into the public market phase becomes subordinate to the proof of weapons network...
2. The Bitcoin Treasury Company Trap Is Sprung
The market downturn exposed a systemic flaw in the Bitcoin treasury company model. Unlike Bitcoin itself, these public companies have significant real-world operational costs: salaries, lawyers, accountants, directors, and professional fees.
A prime example is Nakamoto, which recently announced it was forced to sell 367 Bitcoin to cover $35 million in costs. When the price of Bitcoin falls, these companies, which often have little to no revenue, must sell their primary asset—Bitcoin—to stay afloat.
This creates a vicious downward spiral. A company sells Bitcoin to cover costs, which pushes the market price down further. This can trigger margin calls for leveraged investors and force other treasury companies to sell their holdings, accelerating the crash. It is a self-reinforcing cycle designed to shake out weak hands.
This highlights the core lesson I have taught for years:
...bitcoin in self-custody has no salary and no overhead and no lawyer and no professional and no operation to pay that's why we do Bitcoin in self-custody rather than these treasury companies.
3. While Retail Fears, Institutions Accumulate
While leveraged traders and Bitcoin treasury companies were being forced to sell, the architects of the system were buying. This is not a separate event, but the second half of a single, cohesive maneuver. Step one is to weaponize a public company like MicroStrategy to create fear and trigger a sell-off. Step two is for the network's prime nodes to acquire the assets shed by weaker hands at a discount.
In a telling move, the Harvard University endowment fund took the opportunity during the dip to triple their holdings in the Bitcoin ETF. They can utilize the orchestrated fear, media narratives, and financial weapons to trigger a sell-off, then step in to accumulate more assets at a lower price from those who are forced out of their positions. They create the panic, then profit from it.
4. A Sovereign Nation Pushes Back
Amid the institutional power plays, the nation of El Salvador made a clear statement. On top of its "one Bitcoin a day" accumulation program, the country bought an additional 1,000 Bitcoin.
This is a strategic move for a nation attempting to build a sovereign treasury free from the control of institutions like the International Monetary Fund (IMF). By holding Bitcoin in self-custody, El Salvador gains leverage in geopolitical negotiations.
However, as I fear, El Salvador may still be "vasilized" by the IMF, as it needs to accumulate significantly more Bitcoin to become fully insulated. This strategy is not just about financial pressure from the IMF; it's a potential shield against the increasing geopolitical pressure America is likely to exert on its neighbors as its global influence wanes and it can no longer conduct covert operations as freely in Asia and the Middle East.
Your Antidote: The Simple, Unshakeable Strategy
For the individual investor, navigating this complex and often predatory environment does not require complex trading strategies. The antidote is a simple, disciplined approach focused on removing yourself from the system's weapons.
- Own More Bitcoin: The primary goal is simple and unwavering: "own more Bitcoin this month than the previous month." Focus on accumulation, not short-term price action.
- Self-Custody Is Non-Negotiable: Holding your own keys is the ultimate defense. It removes you from the "financial weapons of mass destruction"—leverage, counterparty risk, and forced liquidations. If you don't hold the keys, you don't own the Bitcoin. Read the self-custody blog
- Boycott the System: The strategy includes a conscious decision to "boycott the Federal Reserve" and "boycott the banks." This means not borrowing against your Bitcoin, which exposes you to the very margin calls and liquidations the system uses to its advantage.
- Embrace Volatility: A long-term perspective changes the game. As I note from his experience seeing crashes from $30 to $3, $20,000 to $3,000, and $69,000 to $17,000, the mindset is simple: the lower the price goes, the more Bitcoin you can acquire for your fiat.
Conclusion: The Unchanging End Game
Wall Street and the financial industrial complex can manipulate the short-term price with immense pools of capital and sophisticated weapons. They can create fear, shake out leveraged players, and consolidate their holdings. But there is one fundamental truth they cannot change: there will only ever be 21 million Bitcoin. Their goal is to get as much of your Bitcoin as possible before that reality takes hold.
This was just Part 1. To understand the full picture, including the Japanese bond market shock and the trillion-dollar deal between Saudi Arabia and the US, make sure to read the blogs for Part 2 and Part 3.
You can watch the full Episode 107 on our main blog or on YouTube.
In a world of orchestrated financial chaos, is disciplined self-custody the ultimate tool for sovereignty?
Simon Dixonπ
Bitcoin OG | Investor | Geo-Political & Financial Analyst
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Watch The Full Breakdown
For the complete, unfiltered analysis, you need to see the full episode.
- Watch the full video of Part 1 Click here
- Be sure to also watch Part 2 (This Week in Macro) and Part 3 (This Week in Geopolitics)
Watch Part 2 here.
Watch Part 3 here. - Or, dive deep into the entire Episode 107 for the complete, interconnected picture that mainstream finance is missing.
Watch Full Episode here. - Watch the TLDR Ai Summary (Duration: 33 minutes). Click here
- Watch the Whiteboard Explainer Video (Duration: 6 minutes). Click here
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Disclaimer
The information in this post is a summary and analysis of opinions expressed on BitcoinHardTalk Episode 107 (aired November 21st, 2025) and is for informational purposes only. It is not financial advice. The views expressed are those of Simon Dixon, based on his 25 years of experience in finance and 14 years in Bitcoin. All investment decisions should be made with the consultation of a qualified financial professional.
