JPMorgan CEO Jamie Dimon said Friday that the U.S. should prioritize traditional defense assets over Bitcoin. Speaking at the Reagan National Economic Forum, he urged policymakers to stockpile "guns, bullets, tanks, planes, drones, and rare earths" instead of cryptocurrency. Dimon announced JPMorgan will release a “Defense Action Form” to guide policy on defense spending and eliminate production inefficiencies. He called for more agile military procurement strategies and warned against 30-year defense programs that can't adapt to evolving threats. Dimon's Bitcoin remarks follow his claim in a January interview with CBS that it has "no intrinsic value."
