JPMorgan CEO Jamie Dimon says the U.S. have to serene put collectively for battle, no longer a bitcoin-pushed future.
Talking at the Reagan National Defense Discussion board in California on Friday, TheStreet stories, Dimon dismissed most stylish authorities strikes to bolster a nationwide digital asset reserve, arguing that staunch-world protection logistics, no longer blockchain property, have to serene take priority.
“We shouldn’t be stockpiling bitcoins,” Dimon said. “Each person is aware of what we need. It’s no longer a thriller.” He known as for the prioritization of “weapons, bullets, tanks, planes, drones, and rare earths.”
Earlier this twelve months, U.S. President Donald Trump known as for the institution of a bitcoin reserve and digital property stockpile. Dimon isn’t pleased about it.
“If there’s a battle in the South China Sea, we’ve got missiles for seven days,” he warned. “That’s no longer something we have to serene be announcing with a straight face.”
Dimon, a well-identified crypto critic, published earlier this month that JPMorgan will soon allow potentialities to buy bitcoin.
