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The United States Does Not Need Bitcoin, According To JPMorgan... But Weapons

The United States Does Not Need Bitcoin, According To JPMorgan... But Weapons

CointribuneCointribune2025/06/02 10:56
By:Cointribune

While the Trump administration wishes to build a national reserve of bitcoin, the CEO of JPMorgan considers this strategy irresponsible. Jamie Dimon prefers missile stockpiles over cryptocurrency holdings. This is a divisive position, revealing an ideological clash over American sovereignty in the digital age.

The United States Does Not Need Bitcoin, According To JPMorgan... But Weapons image 0 The United States Does Not Need Bitcoin, According To JPMorgan... But Weapons image 1

In Brief

  • JPMorgan CEO Jamie Dimon rejects bitcoin as a strategic asset and prioritizes weapons.
  • JPMorgan will soon allow its clients to purchase bitcoin, despite repeated criticism from its CEO.
  • The IMF rejects BTC accumulation by El Salvador, reigniting the debate on bitcoin’s geopolitical role.

Bitcoin vs. Missiles: Jamie Dimon’s Strategic Alternative

Jamie Dimon has made his decision. Faced with rising global tensions, he does not believe in the strategic virtues of Bitcoin ( BTC ). What he advocates to secure the future of the United States are tangible means:

  • Ammunition;
  • Rare earth elements;
  • Drones.

His message is blunt but clear: “Bitcoin doesn’t protect a nation at war.” During an interview with CNBC on the sidelines of the Reagan National Defense Forum , Jamie Dimon points to a concrete vulnerability: seven days’ reserve of missiles would be enough to exhaust American capabilities in a major conflict. In his eyes, the time is for armament, not digital esotericism.

The Enemy Within: A More Dangerous Threat Than Bitcoin

The CEO of JPMorgan does not stop at crypto criticism. According to him, the real weaknesses are domestic. He denounces:

  • An inefficient healthcare system;
  • Degraded education;
  • Chronic bureaucratic delays;
  • Fragmented governance.

For Dimon, these internal ills weaken American power far more than any speculation around bitcoin. He calls for deep reforms before considering alternative monetary strategies. As he stated bluntly:

What you need are bullets, drones, planes, ships, rare earths… not bitcoin.

A Contrary Adoption of Bitcoin at JPMorgan

Despite these scathing criticisms, JPMorgan will soon allow its clients to buy bitcoin. A decision that reveals an internal tension between Jamie Dimon’s ideological convictions and the commercial realities of his bank.

The United States Does Not Need Bitcoin, According To JPMorgan... But Weapons image 2 The United States Does Not Need Bitcoin, According To JPMorgan... But Weapons image 3 Excerpt from the statement by Jamie Dimon during JPMorgan Chase’s 2025 Investor Day , confirming the openness to bitcoin purchases by clients.

The CEO defends himself: JPMorgan will not offer crypto custody services. But by yielding to the demand, the bank concedes that a stated disinterest in crypto-assets is no longer enough to slow their adoption. Economic pragmatism ultimately prevails.

Digital sovereignty: towards a redefinition of strategic priorities?

Bitcoin is no longer just a financial asset; it is becoming a geopolitical marker. But according to JPMorgan’s CEO, the United States should not stockpile bitcoins . Should crypto queen be seen as a sovereignty weapon or a needless distraction? Here are the two conflicting visions:

  • Bitcoin as a strategic digital reserve, advocated by certain political circles;
  • Conventional military capabilities as the foundation of security, promoted by Jamie Dimon.

This divide reveals a deep fracture in the perception of American power. The outcome of this debate could well shape the State’s priorities in the decades to come.

While Jamie Dimon rejects bitcoin as a strategic asset, the IMF states: no BTC accumulation for El Salvador . The institution urges the country to reduce its exposure. Facing these pressures, the debate remains open: can BTC still become a sovereign leverage?

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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