JPMorgan CEO: "U.S. Should Stockpile Military Supplies and Rare Earths Instead of Bitcoin"

Jamie Dimon, CEO of JPMorgan Chase, argued that the U.S. government should prioritize stockpiling military resources rather than Bitcoin (BTC).

According to CoinKu, a media outlet specializing in virtual assets (cryptocurrencies), on the 3rd (local time), Jamie Dimon, the CEO of JPMorgan, stated during his speech at the Reagan National Economic Forum, "The U.S. government should not stockpile Bitcoin" and added, "Instead, it should be stockpiling guns, bullets, tanks, drones, and rare earths." He continued, "We all know that we need to be stockpiling these supplies."

The media added, "Dimon's remarks match his skepticism toward Bitcoin," and explained, "Dimon has repeatedly raised the need for strengthening U.S. national security and has questioned the idea of hoarding digital gold." It further stated, "There are still ongoing debates about the adoption of virtual assets, especially among traditional financial institutions."