JPMorgan’s Jamie Dimon Says U.S. Should Stockpile Missiles, Not Bitcoin

JPMorgan CEO Jamie Dimon says the U.S. ought to put together for conflict, not a bitcoin-driven future.

Speaking on the Reagan National Defense Forum in California on Friday, TheStreet reviews, Dimon dismissed current authorities strikes to bolster a nationwide digital asset reserve, arguing that real-world protection logistics, not blockchain belongings, ought to take precedence.

“We shouldn’t be stockpiling bitcoins,” Dimon stated. “We know what we need. It’s not a mystery.” He referred to as for the prioritization of “guns, bullets, tanks, planes, drones, and rare earths.”

Earlier this 12 months, U.S. President Donald Trump referred to as for the institution of a bitcoin reserve and digital belongings stockpile. Dimon isn’t satisfied about it.

“If there’s a war in the South China Sea, we’ve got missiles for seven days,” he warned. “That’s not something we should be saying with a straight face.”

Dimon, a well known crypto critic, revealed earlier this month that JPMorgan will quickly enable shoppers to purchase bitcoin.