Dimon: U.S. Should Prioritize Missile Stockpiles, Not Crypto

JPMorgan Chase CEO Jamie Dimon is warning that America’s strategic priorities are misplaced if it treats Bitcoin as a national security asset.

Speaking at the Reagan National Defense Forum in California, Dimon argued that the U.S. should be preparing for real-world conflict—not investing in digital currencies. As reported by TheStreet, Dimon dismissed recent proposals to build a national Bitcoin reserve, saying the government’s focus should be on physical readiness.

“We shouldn’t be stockpiling bitcoins,” Dimon said. “We need to stockpile what actually matters—guns, bullets, tanks, planes, drones, and rare earths.”

His comments come in response to earlier remarks by former President Donald Trump, who proposed creating a strategic Bitcoin reserve to ensure financial resilience in a changing global economy.

But Dimon sees more urgent vulnerabilities. “If there’s a war in the South China Sea, we’ve got missiles for seven days,” he said. “That’s an unacceptable position for a global superpower.”

A longtime skeptic of cryptocurrencies, Dimon nevertheless confirmed this month that JPMorgan will offer Bitcoin exposure to its clients—signaling a pragmatic approach to market demand even as he remains wary of its strategic value.