At the Reagan National Economic Forum, JPMorgan Chase CEO Jamie Dimon emphasized that the United States should focus on strengthening its defense capabilities rather than accumulating Bitcoin reserves. Dimon criticized recent government initiatives to bolster a national digital asset reserve, arguing that tangible assets like ammunition, tanks, and rare earth materials are more critical for national security.
He highlighted concerns about the country’s preparedness, noting that in a potential conflict, such as one in the South China Sea, the U.S. might only have a week’s worth of missile supplies. Dimon stressed the importance of addressing internal challenges, including regulatory inefficiencies and infrastructure issues, to maintain the nation’s global leadership.
Despite his skepticism toward Bitcoin, JPMorgan is reportedly planning to offer Bitcoin trading services to its clients, indicating a nuanced approach to digital assets.
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