Bitcoin’s Financial War: How can digital gold destabilize the traditional banking system
Author:Wang Lijie
“Financialist”: the empire of the pile of claims
First, let us recognize one side of power — “financialists”. Who are they? It includes the Fed, Morgan Chase, Europe’s long-standing banking families, and the complex derivatives markets behind them. It can be said that they have controlled the world for over a century since 1913, when the skeletons of the synthetic monetary system were secretly built in a small room。
Their central means of controlling the world are not direct ownership of assets, but through the constant cycle and accumulation of “claims”。
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Mortgage -
Rate of return -
Price signal -
Credit system -
Europe dollarTerminatorFutures, repurchases
These layers of instruments, which are as closely linked as Rohan, firmly cover the entire financial track and currency flows. They are “slayers” in the financial world, building a huge financial empire with claims。
“Sovereignists”: finding a way out
In contrast to “financialists”, another emerging force — “sovereignists”. They include:
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A country that's trying to get rid of dollar hegemony -
Tired of inefficient and fragmented banking systems -
And you and I, we choose to hold our wealth firmly in our hands and pursue our "no permit" assets
Despite their different motivations, their core claims are the same: they all aspire to find a way out of the old, blood-stained financial system. And Bitcoin became the first “departure” they saw。
Bitcoin's "Fireline" and MicroStrategy's qualitative changes
Initially, it was not the bitcoin itself that detonated the war. Bitcoin is more like a fuse that shakes people's minds and shows another financial possibility. However, it was MicroStrategy that really rocked the foundations of power in the old world. This company has demonstrated in practical terms that bitcoin can be used as collateral for deep integration into capital markets, which is undoubtedly a qualitative change in its position in the financial system。
This is not a simple price fluctuation, but a true order of the financial war. It reveals that Bitcoin is no longer a marginal digital currency, but a key collateral that has the potential to shock the core of traditional finance。
In order to understand this change more clearly, we have to mention a product that sounds hard-core — STRC. STRC is not an ordinary bond or an ordinary new type of property, and it was not even created by MicroStrategy。
STRC: SUBVERSIVE BITCOIN FINANCIAL ENGINE
STRC IS THE WORLD ' S FIRST REGULATORY FINANCIAL ENGINE WITH BITCOIN AS COLLATERAL. WHAT DOES THAT MEAN? IT MEANS THAT ORDINARY DEPOSITORS CAN NOW PURCHASE A PRODUCT, SUPPORTED BY BITCOIN AND CAPABLE OF GENERATING REVENUE, IN THEIR OWN VOUCHER ACCOUNT. YOU DON'T HAVE TO OPEN AN ACCOUNT IN A BANK AND YOU DON'T HAVE TO GO INTO A COMPLEX SHADOW BANKING SYSTEM. MORE NOTABLY, THE CURRENT RATE OF RETURN ON STRC CAN BE AS HIGH AS 10.75 PER CENT, WHILE TRADITIONAL BANKS USUALLY HAVE INTEREST ON SAVINGS BETWEEN 0.1 AND 1 PER CENT, IN SHARP CONTRAST。
HOWEVER, THE MOST STRIKING FEATURE OF STRC IS NOT JUST ITS HIGH RETURNS, BUT THE MONETARY FEEDBACK LOOP MECHANISM THAT IS EMBEDDED IN IT — THE UNDERLYING REASON WHY “FINANCIALISTS” ARE HELD HOSTAGE。
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Investors buy STRC: money flows to MicroStrategy。 -
MicroStrategy used the money to purchase real bitcoin: the supply of bitcoin on the market was therefore tightened。 -
Bitcoin price increases: as supply declines and demand increases。 -
Bitcoin's value as collateral has increased: the cost of MicroStrategy's borrowing has decreased。 -
LOW COST ATTRACTS MORE INVESTORS TO BUY STRC: TO CREATE A VIRTUOUS CIRCLE, COMPANIES NEED TO BUY MORE BITCOIN。
It's a perfect self-enhanced wheel, an ever-increasing and scarce motivation! That is at the heart of the real fear felt by the traditional financial giants。
The traditional banking system cannot operate this mechanism. They could not accept bitcoin as collateral, could not use bitcoin for settlement, could not “print” bitcoin in the air, and could not easily freeze it. In the past, they were able to control everything because they were able to create “claims” indefinitely; now, bitcoin is in kind, a hard currency。
For the first time in human history, ordinary individuals can participate directly in the cycle of capital, bypassing the banking system and within a regulatory framework. When the Pandora box was opened, the first attack came quietly。
Morgan Chase sniper and "synthetic counterattack"
In July 2025, Morgan Chase's “gold card broker” department suddenly announced a significant increase in MicroStrategy's bond requirement from 50 per cent to 95 per cent. That means if you want to buy $100,000MSTRStock, which now requires $95,000 in cash, closes the possibility of leverage。
This is not an ordinary market adjustment. You know, Morgan Chase didn't treat Tesla, Inverda or..CoinbaseSUCH HIGHLY VOLATILE EQUITIES TAKE SIMILAR ACTION. MSTR IS THE ONLY TARGET. BEHIND THIS IS CLEARLY NOT SIMPLE MARKET COMPETITION, BUT MORE LIKE A PREMEDITATED AND COORDINATED CRACKDOWN。
NEXT, THERE WAS A “SYNTHETIC RESPONSE”. ON 25 NOVEMBER 2025, CHASE MORGAN FILED A SUBMISSION WITH THE UNITED STATES SEC, INTRODUCING A LEVERAGE BITCOIN STRUCTURAL INSTRUMENT LINKED TO THE IBIT ETF IN BELED. THIS IS A TEXTBOOK DEMONSTRATION OF WALL STREET'S OLD TRICK。
Wall Street does not control assets and they control “claims” over assets. They never owned gold but controlled synthetic gold; without silver, they controlled synthetic silver; synthetic national debt, synthetic credit. So they now naturally want to make "synthetic bitcoin" on the soil。
History repeats: “monetary physics” that cannot be replicated
Looking back at history, whether the transition of the United States from agro-finance to industrial finance at the beginning of the twentieth century, or the patterns of concentration of power and narrative control that have prevailed over the last 100 years, we find striking similarities. Whenever the old system was threatened, the response was always to concentrate on power, control narratives and suppress everything that did not meet the new standards。
However, the script cannot be repeated. Because of the real war, Bitcoin and the dollar, and even Bitcoin and Wall Street, have gone beyond that. It is about the “orbit” competition — systems that introduce value into bitcoin and create credit from bitcoin. Whoever controls these tracks controls the future monetary system。
MicroStrategy exposes a secret that Wall Street does not want the world to know through its STRC product: Bitcoin, it can work in capital markets as an unblemished collateral
Once that fact surfaced, the “financialist” model began to collapse. For more than a hundred years, their power has been rooted in the ability to double collateral: gold can be built up with 100:1 paper-based claims, the United States dollar multiplied indefinitely through a partial reserve system, and the national debt is mortgaged repeatedly in the banking system. However, bitcoin broke all those advantages. You can create synthetic bitcoin convertibles, but you can't create synthetic bitcoin collateral
Wall Street's Need: Compliments and Competition
WALL STREET'S OWN BEHAVIOR IS THE BEST PROOF. BELET LAUNCHED THE FASTEST EVER GROWING ETF, NOT ON BONDS, STOCKS OR GOLD, BUT ON BITCOIN! FUDAFranklin TempletonAnd it follows. Even after raising the MicroStrategy bond requirement, specifically for Bitcoin-related companies, Chase Morgan is now competing for the introduction of structural instruments linked to Bitcoin. It's a reflection: "Why?"
The answer is simple: they know exactly 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 DO NOT WANT US TO UNDERSTAND IS THAT IN EVERY WALL STREET PRODUCT THEY PUT OUT, WHETHER IT BE ETF, STRUCTURAL INSTRUMENTS OR SYNTHETIC TOOLS, THEY CONTROL ORBITS, CAPTURE COSTS, CONTROL PUBLICITY AND EXTRACT PROFITS FROM THEM. YOU MAY HAVE A PART OF THE EXPOSURE, BUT THEY'RE TAKING MOST OF THE ECONOMIC BENEFITS。
Your choice: Having real assets
But you don't have to buy these synthetic versions. You don't need banks. You don't need structured instruments, third-party trustees or derivatives. You can own bitcoin directly -- this real asset, this scarce collateral. That's what Wall Street is all about, repackaging and trying to strip from your hands! That's the real reward。
“Financialists” are not fighting against Bitcoin because it poses a threat; they fight for a piece of it because they realize that Bitcoin is the cornerstone of the next system. They tried to control the orbit because they knew where mobility would flow. But you don't need their tracks. Bitcoin has provided you with your own track。
Those who understand this early and prepare themselves before such a transformation becomes apparent will become real winners in this time of change. Choice, now in your hands。
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