Key dealers
- Jamie Dimon believes that the United States should prioritize military assets over Bitcoin in its warehouses.
- Dimon expressed concern about US military preparedness and the consequences for its global status.
JPMorgan CEO Jamie Dimon urged the United States to focus on national security by storing weapons and rare soils instead of bitcoin, under remarks at Reagan National Economic Forum.
“We shouldn’t store bitcoins,” Dimon mentioned During a panel discussion, the United States will stack weapons, tanks, drones and rare soils.
Dimon pointed out concerns about the current military preparedness and noted limited layers of missiles and other essentials, claiming that addressing these deficiencies should take precedence.
He also emphasized the challenges facing America, including internal political and economic issues, which he regarded as more pressing threats than external opponents.
Dimon’s comments come after President Donald Trump’s March Executive order the establishment of a bitcoin reserve. The order positions Bitcoin as a strategic asset is similar to gold or oil, which aims to strengthen the US economy and currency stability.
The initiative is actively going on, but still in his childhood, Trump’s best cryptotizers, Bo Hines and David Sacks, have stated.
At the same time, crypto enthusiasts pay attention to the Bitcoin Act, introduced by Senator Cynthia Lummis, which is seen as laying the foundation for a more formalized government bitcoin accumulation strategy.
The bill was introduced in March and has been read twice and referred to the Senate Committee for banking, housing and city issues. It has not yet advanced beyond this first step in the legislative process.
Dimon’s sustained doubt about Bitcoin’s stay is not surprising, but his criticism of US Bitcoin reserve seems to be driven by national security priorities. He is not blind to the business upward Bitcoin can offer.
Earlier this month Dimon announced that JPMorgan allows customers to buy bitcoineven if the bank does not provide custody services.
The decision is striking, especially considering that the CEO previously compared Bitcoin to the tulip Mania bubble and said he would fire all employees caught trading it.
Other bank giants, including Morgan Stanley and Goldman Sachs, have already begun to explore the Bitcoin space. Morgan Stanley is Prepares to start crypto tradeWith Bitcoin and Ether, on their e-commerce platform, with a roll-out directed for 2026.
The banks have also provided customers indirectly Bitcoin exposure through ETFs.