Jamie Dimon Urges U.S. to Prioritize Military Stockpiles Over Bitcoin Reserves

At the Reagan National Economic Forum in Simi Valley, California, JPMorgan Chase CEO Jamie Dimon emphasized the need for the United States to focus on strengthening its military capabilities rather than investing in Bitcoin. Dimon criticized recent governmental moves to establish a national Bitcoin reserve, arguing that tangible defense assets are more critical for national security.

Dimon highlighted concerns about the nation’s preparedness for potential conflicts, noting that the U.S. reportedly has only a seven-day supply of missiles in the event of a war in regions like the South China Sea. He stressed the importance of stockpiling essential military equipment and rare earth materials, which are vital for modern defense technologies.

Beyond military concerns, Dimon addressed broader domestic issues, urging reforms in areas such as taxation, healthcare, education, and infrastructure. He warned that internal challenges pose a significant threat to the nation’s global leadership and the status of the U.S. dollar as the world’s reserve currency.

Despite JPMorgan’s plans to offer Bitcoin trading services to clients, Dimon remains skeptical of the cryptocurrency, citing its association with illicit activities and questioning its intrinsic value. He reiterated his belief that national resources would be better allocated toward enhancing the country’s defense readiness and addressing pressing domestic issues.