Despite JPMorgan’s planned launch of Bitcoin trading for clients, CEO Jamie Dimon remains skeptical about the cryptocurrency’s role in national defense strategies. During a recent appearance at the Reagan National Economic Forum, he argued that prioritizing physical resources over cryptocurrencies like Bitcoin is essential for the United States. 58-year-old Dimon stated that stockpiling missiles and rare earths is more crucial than accumulating Bitcoin assets for potential conflicts. 70-year-old President Trump previously signed an Executive Order in March, establishing a national strategic Bitcoin reserve utilizing seized Bitcoin. He also called for a broader stockpile of alternative cryptocurrencies beyond Bitcoin. Dimon’s comments contrast with the government’s recent focus on Bitcoin as a potential defense resource. However, he maintains his skepticism about the cryptocurrency, citing its history of illicit activities such as sex trafficking and money laundering. His long-standing criticism stems from his belief that Bitcoin lacks practical use outside criminal endeavors. Dimon previously stated he’d “shut it down” if he were in charge of government policy.