JPMorgan CEO Jamie Dimon says the U.S. ought to put together for conflict, not a bitcoin-driven future.
Talking on the Reagan Nationwide Protection Discussion board in California on Friday, TheStreet reviews, Dimon dismissed latest authorities strikes to bolster a nationwide digital asset reserve, arguing that real-world protection logistics, not blockchain belongings, ought to take precedence.
“We shouldn’t be stockpiling bitcoins,” Dimon stated. “We all know what we want. It’s not a thriller.” He referred to as for the prioritization of “weapons, bullets, tanks, planes, drones, and uncommon earths.”
Earlier this 12 months, U.S. President Donald Trump referred to as for the institution of a bitcoin reserve and digital belongings stockpile. Dimon isn’t satisfied about it.
“If there’s a conflict within the South China Sea, we’ve obtained missiles for seven days,” he warned. “That’s not one thing we needs to be saying with a straight face.”
Dimon, a well known crypto critic, revealed earlier this month that JPMorgan will quickly permit purchasers to purchase bitcoin.
