JPMorgan CEO Jamie Dimon has issued a warning about hidden financial risks as signs of deeper cracks begin to emerge in the credit markets. Dimon cited recent bankruptcies like Tricolor and First Brands as potential signals of broader instability, likening the situation to seeing "one cockroach" and knowing there are more. Among Dimon's concerns are over-leveraged subprime borrowers, particularly in auto loans and credit cards, where asset values no longer match outstanding debt.
In a wide-ranging conversation with Bitcoin Magazine, the Strategy co-founder sketched out an "endgame" where his firm builds a trillion-dollar bitcoin balance sheet - and then uses that capital base to help reinvent the global credit system. "I think the endgame is we accumulate a trillion dollars worth of bitcoin and then we grow it 20, 30% a year," Saylor told Bitcoin for Corporations Managing Director George Mekhail. "The endgame is get to a trillion dollars of collateral growing 30% a year" At the core of Saylor's vision is scale. He believes Strategy - and other Bitcoin treasury companies likely to follow - can ultimately accumulate a trillion dollars worth of BTC.