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SHIMI VALLY, Calif. — The US should stockpile guns, ammunition and drones instead of Bitcoin, JPMorgan Chase CEO Jamie Dimon said Friday at the Reagan National Economic Forum in California.
“We should not stockpile Bitcoin,” Dimon said when asked during the panel how industrial policy is entangled with national security policy. “We need to stockpile guns, bullets, tanks, planes, drones, you know, rare earth. We know we need to do that. That’s not a mystery.”
Bitcoin is a decentralized digital currency operated outside of banking or governmental authorities. President Donald Trump signed an executive order in March to establish a Bitcoin Reserve, describing it as a “digital gold virtual Fort Knox.”
“We should stockpile bullets,” he continued. “As you know, military personnel know that if there is war in the South China Sea there will be missiles for seven days. Well, you can’t say that with a straight face. You can’t think that’s okay.
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Jamie Dimon joined the Reagan National Economic Forum in Simi Valley, California on May 30, 2025 (Marco Bello/Bloomberg via Getty Images)
Dimon participated in the Reagan National Economic Forum in Simi Valley, California, at the Reagan National Economic Forum held Friday at the Reagan Presidential Library, with drastic debates on the economy and how “tectonic plates are changing geopolitical debates in the form of war, proxy terrorists and the potential proliferation of nuclear weapons.”
In his speech, Dimon emphasized that he did not view China as America’s top enemy, instead turning his attention to the “enemies” that could lead to the US status as the crater of the world’s leader.
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“I’m not that worried about China,” Dimon said. “China is a potential enemy. They do a lot of things well and have a lot of problems. But what I really worry about is that we are our own actions, our own values, our own abilities, our own management team together?”
JPMorgan Chase CEO Jamie Dimon will be participating in the Reagan National Economic Forum on May 30, 2025 (Fox News Digital)
“I’m always asked this question. Are we going to become reserve currency?” he said. “No. If we are an outstanding army in 40 years and not an outstanding economy, then we are not a reserve currency. That’s the case. Just read history.”
He called the US government a “Leviathan” too weak to implement its policies, and at the same time imposed “on the American people they are tired of.”
Dimon instead argued that the United States should celebrate its long-standing value.
Visualization of virtual cryptocurrency Bitcoin. (Edgar SU/Reuters)
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“We celebrate freedom of speech, freedom of religion, freedom of business, equal opportunity, family, God and nation,” he said. “You know, you can acknowledge the flaws we have. It’s extraordinary. We’ve had a black population for years, because these are two different things.”
“We don’t talk much to each other – we deal with our policies – this is the enemy within,” he continued. “We have to allow our regulations and amend immigration taxes. I think they are on their path. We have to modify our healthcare system, a school in the city.”
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The Reagan National Economic Forum began Friday and includes a panel featuring lawmakers such as energy secretary Chris Wright, Senator Mike Round and Bill Cassidy, as well as private sector leaders such as Booz Allen Hamilton CEO Hosio Rozansky. According to the forum organizers, the bipartisan event works to promote “President Reagan’s enduring belief in the power of the free market and personal opportunities to promote the prosperity of the people.”
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