JPMorgan’s Jamie Dimon calls on US to stockpile bullets, rare earth instead of bitcoin

JPMorgan Chase CEO Jamie Dimon suggested at the Reagan National Economic Forum in California that the United States should prioritize stockpiling guns, ammunition, and drones over bitcoin for national security reasons. Dimon emphasized the importance of having a strong military arsenal, including tanks, planes, and rare earths, to ensure preparedness for potential conflicts.

While acknowledging the decentralized nature of bitcoin, Dimon expressed his belief that focusing on traditional weapons and resources is crucial for the country’s defense. President Donald Trump’s executive order to establish a Bitcoin reserve was mentioned, highlighting the government’s interest in digital assets.

During the forum, Dimon also addressed the shifting geopolitical landscape and the need for the U.S. to strengthen its internal capabilities and values. He emphasized the importance of unity and effective policies to address domestic challenges such as education, healthcare, and regulation.

Dimon’s remarks at the event underscored his concerns about the U.S.’s ability to maintain its status as a global leader in the future. He urged a focus on core American values and virtues while acknowledging the need for improvements in various areas.

The Reagan National Economic Forum featured discussions on economic prosperity, national security, and the role of free markets in driving growth. Speakers included government officials, industry leaders, and experts in various fields, all aiming to honor President Reagan’s belief in individual opportunity and economic freedom.