Jpmorgan's Jamie Dimon Calls On Us To Stockpile Bullets, Rare Earth Instead Of Bitcoin

SIMI VALLEY, Calif. — The United States should stockpile guns, ammunition and drones alternatively of bitcoin, JPMorgan Chase CEO Jamie Dimon said Friday astatine nan inaugural Reagan National Economic Forum successful California. 

"We shouldn't beryllium stockpiling bitcoins," Dimon said erstwhile asked astir really business argumentation is entwined pinch national information policies during a panel. "We should stockpiling guns, bullets, tanks, planes, drones, you know, uncommon earths. We cognize we request to do it. It's not a mystery." 

Bitcoin is simply a decentralized integer rate that operates extracurricular of banking aliases authorities authority.  President Donald Trump signed an executive bid successful March establishing a Bitcoin reserve, which he described arsenic "a virtual Fort Knox for integer gold." 

"We should beryllium stockpiling bullets," he continued. "Like, you know, nan subject guys show you that, you know, if there's a warfare successful nan South China Sea, we person missiles for 7 days. Okay, travel on. I mean, we can't opportunity that pinch a consecutive look and deliberation that's okay. So we cognize what to do. We conscionable sewage to now spell astir doing it. Get nan group together, rotation up our sleeves, you know, person nan debates." 

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Jamie Dimon joined nan Reagan National Economic Forum successful Simi Valley, California, May 30, 2025.  (Marco Bello/Bloomberg via Getty Images)

Dimon joined a fireside chat during nan Reagan National Economic Forum successful Simi Valley, California, astatine nan Reagan Presidential Library Friday for a sweeping chat connected nan system and really nan world's "tectonic plates are shifting" successful geopolitics successful nan shape of wars, proxy terrorists and nan imaginable proliferation of atomic weapons. 

Dimon underscored during his reside that he does not position China arsenic America's apical adversary, and alternatively pointed his attraction to nan "enemy within" that could lead to nan U.S.' position arsenic nan world's leader crater. 

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"I'm not arsenic worried astir China," Dimon said. "China is simply a imaginable adversary. They're doing a batch of things well, they person a batch of problems. But what I really interest astir is us. Can we get our ain enactment together, our ain values, our ain capability, our ain management?"

JPMorgan Chase CEO Jamie Dimon joins nan Reagan National Economic Forum, May 30, 2025.  (Fox News Digital )

"I ever get asked this question: Are we going to beryllium nan reserve currency?" he said. "No. You know, if we are not nan preeminent subject and nan preeminent system successful 40 years, we will not beryllium nan reserve currency. That's a fact. Just publication history." 

He referred to nan U.S. authorities arsenic a "Leviathan" that is excessively anemic to transportation retired policies, while simultaneously imposing "things connected nan American nationalist that they're getting sick of." 

Dimon based on that instead, nan U.S. needs to observe its long-held values.

A visualization of nan virtual cryptocurrency Bitcoin. (Edgar Su/Reuters)

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"Celebrate our virtues: state of speech, state of religion, state of enterprise, adjacent opportunity, family, God, country," he said. "You know, and you tin admit nan flaws that we have, which are bonzer — what we did nan Black organization for years. Don't denigrate nan awesome things of this country, because those are 2 different things."

"We don't talk that overmuch to each different — woody pinch our policies — this is nan force within," he continued. "We've sewage to hole our permitting our regulations our migration our taxation, which I, I deliberation they're connected their way. We person to hole our soul metropolis schools, our wellness attraction system." 

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The Reagan National Economic forum kicked disconnected Friday, and includes panels featuring Secretary of Energy Chris Wright, lawmakers specified arsenic Sens. Mike Rounds and Bill Cassidy, and leaders from nan backstage sector, specified arsenic nan CEO of Booz Allen Hamilton, Horacio Rozanski. The bipartisan arena useful to beforehand "President Reagan's enduring belief successful nan powerfulness of nan free marketplace and individual opportunity to thrust nationalist prosperity," according to forum organizers.