JPMorgan Chase CEO Jamie Dimon says U.S. should stockpile weaponry, rare earths instead of Bitcoin

JPMorgan Chase CEO Jamie Dimon argued at the inaugural Reagan National Economic Forum in California that the U.S. should should stockpile guns, ammunition and drones rather than Bitcoin.

“We should stockpiling guns, bullets, tanks, planes, drones, you know, rare earths. We know we need to do it. It’s not a mystery,” Dimon said, referencing President Donald Trump’s executive order in March that established a Bitcoin reserve.

“We should be stockpiling bullets,” he continued. “Like, you know, the military guys tell you that, you know, if there’s a war in the South China Sea, we have missiles for seven days. Okay, come on. I mean, we can’t say that with a straight face and think that’s okay. So we know what to do. We just got to now go about doing it. Get the people together, roll up our sleeves, you know, have the debates.”