Jamie Dimon calls on U.S. government to stockpile bullets, rare earth instead of Bitcoin in Reagan library discussion

At the inaugural Reagan National Economic Forum in Simi Valley, California, JPMorgan Chase CEO Jamie Dimon made a bold statement, suggesting that the United States should prioritize stockpiling guns, ammunition, and drones over investing in bitcoin. Dimon expressed his belief that national security policies should focus on acquiring tangible assets like weapons and military technology, rather than digital currencies.

During a panel discussion on industrial policy and national security, Dimon emphasized the importance of being prepared for potential conflicts by having a strong arsenal of weapons, including tanks, planes, and drones. He argued that it is crucial for the U.S. to have a strategic reserve of essential resources like rare earths to ensure national security in times of crisis.

While discussing the role of bitcoin in the economy, Dimon questioned the value of stockpiling virtual currencies and instead emphasized the need for tangible assets that can be used to defend the country. He referenced President Donald Trump’s executive order to establish a Bitcoin reserve, likening it to a “virtual Fort Knox for digital gold.”

Dimon also touched on the shifting geopolitical landscape, highlighting the threats posed by wars, proxy terrorists, and the potential proliferation of nuclear weapons. He stressed the importance of unity and preparedness in the face of these challenges, urging leaders to come together and engage in meaningful discussions to address national security concerns.

In his address, Dimon expressed his concerns about the U.S.’s ability to maintain its status as a global leader, pointing to internal divisions and the need for improved governance and policy-making. He emphasized the importance of upholding American values and fostering a sense of unity and purpose among the population.

The Reagan National Economic Forum provided a platform for leaders from the public and private sectors to discuss critical economic and national security issues. The event featured prominent figures such as Secretary of Energy Chris Wright, Senators Mike Rounds and Bill Cassidy, and Horacio Rozanski, CEO of Booz Allen Hamilton.

Overall, Dimon’s remarks underscored the need for strategic planning and investment in defense capabilities to ensure the safety and security of the United States in an increasingly complex and unpredictable world. By prioritizing tangible assets and fostering a sense of unity and purpose, the U.S. can strengthen its position as a global leader and protect its interests on the world stage.