JPMorgan CEO Jamie Dimon Advocates for Missile Stockpiling Over Bitcoin
JPMorgan CEO Jamie Dimon emphasized the need for the U.S. to focus on military preparedness over digital asset reserves during his speech at the Reagan National Defense Forum in California.
- Dimon dismissed government efforts to create a national digital asset reserve, stating, “We shouldn’t be stockpiling bitcoins.”
- He advocated prioritizing military resources such as weapons and vehicles over blockchain assets.
- Earlier, President Trump proposed establishing a bitcoin reserve, which Dimon opposes.
- Dimon expressed concern about U.S. defense readiness, citing insufficient missile supplies for potential conflicts.
- Despite his criticism of cryptocurrencies, JPMorgan plans to allow clients to purchase bitcoin soon.