JPMorgan CEO: The U.S. Should Hoard Guns, Ammo, and Drones, Not Bitcoin

On June 3rd, during the inaugural Reagan National Economic Forum held in California, Jamie Dimon, the CEO of JPMorgan Chase, put forward a startling proposition: the United States should stockpile firearms, ammunition, and drones instead of Bitcoin. "We should be hoarding guns, bullets, fighter jets, drones, and rare earth resources. We all know that we have to do this; there is no controversy about it." Dimon mentioned the executive order signed by Trump in March to establish a Bitcoin reserve during his speech. This banking giant has always been known for its opposition to cryptocurrency (although JPMorgan Chase now allows customers to trade cryptocurrency). This stance is not surprising - the concept of sovereign currency and financial democratization is fundamentally at odds with the banking industry's rent-seeking model of "just give us your money for safekeeping." Dimon also raised a startling point: the true "domestic enemy" of the United States is eroding its global leadership position. He said, "What I'm truly worried about is ourselves - whether we can sort out our own code of conduct, values, management capabilities, and overall strength?" (Golden Finance)