JPMorgan CEO Jamie Dimon says the U.S. should be stockpiling missiles, not Bitcoin.
Speaking at the Reagan National Defense Forum in California on Friday, Dimon emphasized the need for the country to focus on tangible defense capabilities rather than building digital asset reserves. According to a report by TheStreet, Dimon dismissed recent efforts by the government to establish a national cryptocurrency stockpile.
“We shouldn’t be stockpiling bitcoins,” Dimon said. “We know what we need. It’s not a mystery.” He listed critical military and industrial assets—“guns, bullets, tanks, planes, drones, and rare earths”—as essential priorities for national security.
His comments follow a proposal earlier this year by former President Donald Trump advocating for a U.S. bitcoin reserve as part of a broader digital asset strategy. But Dimon remains unconvinced.
“If there’s a war in the South China Sea, we’ve got missiles for seven days,” he cautioned. “That’s not something we should be saying with a straight face.”
Dimon, who has long been skeptical of cryptocurrencies, made headlines earlier this month when JPMorgan announced plans to enable clients to purchase Bitcoin—despite his personal reservations about the asset class.
