JP Morgan CEO Jamie Dimon says the US should prepare for war, not for a Bitcoin-driven future.
Speaking at California’s Reagan Defense Forum on Friday, Thestreet argued that Dimon rejected a recent government move, strengthening digital asset sanctions across the country, and that real-world defense logistics should be prioritized rather than blockchain assets.
“We shouldn’t stockpile bitcoin,” Dimon said. “We know what we need. That’s not a mystery,” he called for prioritization of “guns, bullets, tanks, planes, drones, rare earth.”
Earlier this year, US President Donald Trump called for the establishment of a Bitcoin reserve and a stockpile of digital assets. Dimon is not sure about that.
“If there’s war in the South China Sea, there’s missiles for seven days,” he warned. “That’s not something we should say with a straight face.”
Famous code critic Dimon revealed earlier this month that JPMorgan will allow clients to purchase Bitcoin.