JPMorgan CEO Jamie Dimon isn’t buying the idea of Bitcoin as a national strategic asset.
Speaking at the Reagan National Defense Forum in California, Dimon warned that the U.S. is underprepared for military conflict and should focus on physical defense infrastructure—not digital currencies. “We shouldn’t be stockpiling bitcoins,” he said, according to TheStreet. “We know what we need. It’s not a mystery.”
Instead, Dimon urged investment in “guns, bullets, tanks, planes, drones, and rare earths,” arguing that real-world logistics—not blockchain—will determine the outcome of global conflicts.
The comments appeared to rebuke a proposal floated earlier this year by former President Donald Trump, who advocated for building a federal reserve of Bitcoin and digital assets to hedge against monetary instability.
Dimon was blunt in his assessment: “If there’s a war in the South China Sea, we’ve got missiles for seven days. That shouldn’t be something we’re casually admitting.”
Despite his stance, JPMorgan recently announced plans to offer clients access to Bitcoin—marking a notable contrast between the bank’s strategy and its CEO’s personal skepticism.
