Jamie Dimon, CEO of JPMorgan Chase, has once again expressed his skepticism towards Bitcoin, advising the U.S. government to prioritize traditional assets over digital currencies in times of crisis. In a recent statement, Dimon suggested that the country should focus on stockpiling “guns, bullets, tanks, planes, drones, and rare earths” rather than holding onto Bitcoin.
Dimon’s comments reflect his long-standing criticism of cryptocurrencies, which he views as speculative assets with limited real-world value. He believes that national resilience depends on tangible resources, not digital ones. This stance aligns with a broader trend of skepticism among traditional financial institutions regarding crypto’s role in national policy.
The debate over the strategic role of Bitcoin continues to shape policy decisions. While some nations explore using Bitcoin as a reserve asset or hedge against inflation, Dimon’s views highlight concerns that reliance on digital currencies might undermine more critical areas of preparedness. As digital currency adoption grows, it remains to be seen how policymakers will balance competing interests and priorities.
Source: https://www.binance.com/en/square/post/24991514332609