JPMorgan CEO Jamie Dimon said the United States should prepare for war, not a future-focused future.
Speaking on Friday at the National Reagan Defense Forum in California, reports Thestreet, Dimon rejected recent government moves to strengthen a national digital asset reserve, arguing that real defense logistics, not the assets of the blockchain, should be priority.
“We should not store bitcoins,” said Dimon. “We know what we need. It is not a mystery. ” He called for the prioritization of “pistols, bullets, tanks, planes, drones and rare earths”.
Earlier this year, US President Donald Trump called for the creation of a bitcoin reserve and a stock of digital assets. Dimon is not convinced about this.
“If there is a war in the southern China sea, we have missiles for seven days,” he warned. “This is not something we should say with a right face.”
Dimon, a well-known crypto critic, revealed earlier this month that JPMorgan will soon allow customers to buy bitcoin.
