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JPMorgan CEO Jamie Dimon Urges U.S. to Prioritize Defense Over Bitcoin
JPMorgan CEO Jamie Dimon has called for the U.S. to focus on strengthening its defense logistics rather than stockpiling digital assets like bitcoin. Speaking at the Reagan National Defense Forum in California, Dimon warned that the country is only equipped with enough missiles for seven days in the event of a potential conflict in the South China Sea.
Dimon criticized recent government efforts to build a national digital asset reserve, asserting that preparing for real-world threats should take precedence over blockchain-based ambitions.
Despite Dimon's skepticism toward bitcoin, JPMorgan is reportedly preparing to allow clients to invest in the cryptocurrency, signaling a pragmatic shift in the bank’s approach to digital assets.
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