---
id: "entity-jpmorgan"
type: "entity"
entityType: "organization"
canonicalName: "JPMorgan Chase & Co."
aliases: ["JPMorgan", "JPM", "JPMorgan Chase"]
source_timestamps: ["00:15:11"]
tags: ["financial-institution"]
related: ["concept-debasement-trade"]
sources: ["markmoss"]
sourceVaultSlug: "mark-moss-debasement-trade-bitcoin-2026Jun25"
originDay: 5
---
# JPMorgan

## Profile

JPMorgan Chase & Co. is a major global investment bank and one of the largest financial institutions in the world. Its research division regularly publishes notes on macroeconomic positioning.

## Role in This Source

Moss cites a JPMorgan research note that **explicitly names and validates** the 'debasement trade' — the strategy of buying gold and Bitcoin to hedge against government money printing. This citation is critical to Moss's argument because:

- It signals that [[concept-debasement-trade]] is not a fringe Bitcoin-maxi narrative.
- It anchors the thesis in mainstream institutional research.
- It legitimizes the inclusion of Bitcoin (alongside gold) as a sanctioned 'debasement hedge.'

## Validation

JPMorgan's research desk has indeed published notes describing gold/Bitcoin as 'debasement hedges' during periods of aggressive monetary expansion and fiscal deficits. However, Moss's use of the term is more expansive than JPMorgan's specific tactical positioning call.

## Canonical Reference

jpmorganchase.com