JPMorgan CEO Jamie Dimon said that the US should give priority to preparations for defense instead of crypto beings in the future. In his speech at the Reagan National Defense Forum in California, Dimon criticized the government’s latest steps towards creating a national crypto asset reserve. US President Bitcoin $103,489.11 And despite supporting reserve initiatives on crypto assets, Dimon approaches this approach with suspicion.
JPMorgan and Crypto Coins
Jamie Dimon emphasized that the defense capacity should be increased, while crypto reserve will not be an effective strategy. Dimon focused on the supply of military equipment and rare elements, especially the US should focus on the real world defense needs. His statement on this subject was transferred as follows:
“We shouldn’t stock Bitcoin. We know what we want, it’s not a secret.”
Dimon also thinks that in the US defense strategies, weapons, ammunition, tanks, aircraft, unmanned aerial vehicles and rare soil elements should invest more.
Dimon said crypto beings do not prioritize existing geopolitical threats and national security. Although the government’s initiatives on crypto assets have gained momentum recently, it may be more accurate to direct critical resources to the defense infrastructure. Dimon’s another warning of defense logistics was:
“If there is a war in the South China Sea, we have a missile stock for seven days. It is not appropriate to say this with seriousness.”
This statement points to concerns about the limitation of US military stocks and defense planning.
JPMorgan’s crypto policy
Although Jamie Dimon is known for its criticism of crypto money, JPMorgan has recently announced that it plans to provide some crypto asset services to customers. Although Dimon had criticism in this field, Dimon had previously stated that he could not remain insensitive to his company’s market demands.
In the public opinion, the US president supported the crypto asset reserve initiative, completely changed the approach to crypto currencies in the country. However, the executives of the major financial institutions have not yet reached a clear opinion on the effects of such strategic decisions.
JPMorgan’s approach to crypto beings reflects these differences. Dimon states that the company plans to offer crypto asset investment to its customers, but also says that it does not agree with a comprehensive reserve need in this field throughout the country. The company’s official attitude towards crypto is of course more important than Dimon’s personal views.
While the role of digital asset stocks or crypto currencies in national security is not yet clear, the need to increase the military capacity of the US continues to be discussed. At this point, the approaches of the financial sector officials and government administrators are watched with interest in the public.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
