Speaking at the Reagan National Defense Forum in California, Dimon expressed concerns about the country's preparedness for potential conflicts, particularly highlighting weaknesses in the U.S. missile supply.

During his speech, Dimon dismissed recent initiatives aiming to build a national digital asset reserve, including a proposal by President Donald Trump earlier this year to establish a bitcoin reserve. Instead, Dimon stressed the importance of bolstering conventional defense resources. He underscored that the U.S. should invest in "guns, bullets, tanks, planes, drones, and rare earths" to fortify its defense capabilities.

A critical point raised by Dimon was the current limitation of the U.S. missile stockpile, which he warns could last only seven days in the event of a conflict in the South China Sea. "That's not something we should be saying with a straight face," he stated, highlighting the gravity of the situation and the need for immediate action to enhance military readiness.

Despite his strong stance against bitcoin in the context of national defense, Dimon revealed that JPMorgan will soon allow its clients to buy bitcoin. This move appears to cater to growing client demand for digital assets, even as Dimon remains a vocal critic of cryptocurrency, believing that tangible defense logistics should take precedence over blockchain investments.

In summary, Jamie Dimon calls for a shift in national strategy, urging policymakers to prioritize essential defense resources to adequately prepare for potential geopolitical threats, rather than divert focus and resources toward the accumulation of digital currencies like bitcoin.