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

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

May 31, 2025

in Breaking, News

Reading Time: 7 mins read

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By Francisco Rodrigues|Edited by Aoyon Ashraf

Updated May 31, 2025, 3:23 p.m. Published May 31, 2025, 3:22 p.m.

JPMorgan Chase CEO Jamie Dimon (Photo by Kevin Dietsch/Getty Images)

JPMorgan CEO Jamie Dimon believes the U.S. should prioritize defense logistics over stockpiling bitcoin.
Dimon warned that the U.S. is only equipped with missiles for seven days in a potential war in the South China Sea.
Despite Dimon’s criticism of BTC, JPMorgan will soon allow clients to buy bitcoin.

JPMorgan CEO Jamie Dimon says the U.S. should prepare for war, not a bitcoin-driven future.

Speaking at the Reagan National Defense Forum in California on Friday, TheStreet reports, Dimon dismissed recent government moves to bolster a national digital asset reserve, arguing that real-world defense logistics, not blockchain assets, should take priority.

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

Earlier this year, U.S. President Donald Trump called for the establishment of a bitcoin reserve and digital assets stockpile. Dimon isn’t convinced 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 soon allow clients to buy bitcoin.

Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.