JPMorgan CEO Jamie Dimon, Whose Company Does Bitcoin Business, Takes Another Swipe at BTC

Jamie Dimon, CEO of JPMorgan Chase, one of the leading banks in the USA, made remarkable statements in his speech at the first Reagan National Economic Forum held in California.

Dimon said the United States should stockpile weapons, ammunition and drones instead of Bitcoin.

Dimon said in his speech, “We should stockpile weapons, bullets, fighter jets, drones and rare earth elements. We all know we need to do this and there is no debate about it.” Dimon’s words were interpreted as an indirect reference to the presidential decree signed by Trump in March, which foresaw the creation of a Bitcoin reserve in the US.

JPMorgan, known for its negative attitude towards cryptocurrencies, has begun offering cryptocurrency trading services to its customers, but the company continues to be cautious in this area. According to experts, this attitude stems from the fact that concepts such as sovereign money and financial democratization contradict the traditional banking sector’s “leave your money in our hands” approach.

Later in his speech, Dimon argued that the real threat to the United States comes not from outside, but from within. “My real concern is us, are we capable of rebuilding our own ethics, our own values, our own governance skills, our own inclusive power?” he said.

*This is not investment advice.

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