JPMorgan CEO: The US Should Not Create Bitcoin Reserves
JPMorgan CEO Jamie Dimon stated that the United States should not create Bitcoin reserves. Previously, the US government announced it would begin forming strategic Bitcoin reserves from crypto assets seized in legal cases.
"We should be stockpiling tanks, planes, drones, and rare minerals—things that we clearly need, not Bitcoin," Dimon said at the Reagan National Economic Forum.
Dimon is indeed known as a Bitcoin skeptic, having previously called it a fraud. However, he allows the bank's clients who still wish to buy Bitcoin.
JPMorgan analysts previously stated that Bitcoin would surpass gold. However, differing opinions regarding the digital asset have led JPMorgan not to store or manage Bitcoin like business intelligence firm Strategy.
