JPMorgan’s Dimon: Focus on Missiles, Forget Bitcoin

As geopolitical tensions rise, JPMorgan CEO Jamie Dimon has a message for U.S. policymakers: focus on physical security, not digital speculation.

At the Reagan National Defense Forum in California, Dimon criticized recent moves to develop a national Bitcoin reserve, calling it a distraction from what truly matters—military readiness and industrial supply chains.

“We shouldn’t be stockpiling bitcoins,” he said, according to TheStreet. “We know what we need—guns, bullets, tanks, planes, drones, and rare earths. It’s not complicated.”

The remarks appear to challenge the crypto-forward vision voiced earlier this year by former President Donald Trump, who pushed for a federal digital asset stockpile as part of a broader monetary strategy.

Dimon, however, sees a more urgent threat. “If there’s a war in the South China Sea, we’ve got missiles for seven days,” he said. “That’s a national vulnerability—not a theoretical one.”

While JPMorgan is set to offer Bitcoin trading to clients in the near future, Dimon’s comments highlight the stark divide between private sector market positioning and his own views on national policy priorities.