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CoinDesk 2025-05-31 15:22:48

JPMorgan's Jamie Dimon Says U.S. Should Stockpile Missiles, Not Bitcoin

JPMorgan's Jamie Dimon Says U.S. Should Stockpile Missiles, Not Bitcoin

JPMorgan CEO Jamie Dimon says the U.S. should prepare for war, not a bitcoin-driven future. Speaking at the Reagan National Defense Forum in California on Friday, TheStreet reports , Dimon dismissed recent government moves to bolster a national digital asset reserve, arguing that real-world defense logistics, not blockchain assets, should take priority. “We shouldn’t be stockpiling bitcoins,” Dimon said. “We know what we need. It’s not a mystery.” He called for the prioritization of “guns, bullets, tanks, planes, drones, and rare earths.” Earlier this year, U.S. President Donald Trump called for the establishment of a bitcoin reserve and digital assets stockpile. Dimon isn’t convinced about it. “If there’s a war in the South China Sea, we’ve got missiles for seven days,” he warned. “That’s not something we should be saying with a straight face.” Dimon, a well-known crypto critic, revealed earlier this month that JPMorgan will soon allow clients to buy bitcoin.

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