JPMorgan CEO criticizes US Bitcoin Reserve plan: “We should accumulate bullets, not BTC” JPMorgan CEO Jamie Dimon has once again expressed his views on cryptocurrencies by suggesting that the United States “should not accumulate Bitcoin.” For Dimon, the US government should focus on accumulating other things like “bullets, missiles, tanks, planes, drones, and other rare earth materials.”

Despite his critical stance on Bitcoin in the past, JPMorgan has allowed its clients to purchase Bitcoin. However, they clarified that the bank will not offer custody services for this cryptocurrency, meaning clients will have to manage the storage of their assets through external providers. This move reflects client demand for access to cryptocurrencies, but also demonstrates Dimon's reluctance toward this particular cryptocurrency.