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SIMI VALLEY, Calif. — The United States should stockpile guns, ammunition and drones alternatively of bitcoin, JPMorgan Chase CEO Jamie Dimon said Friday astatine the inaugural Reagan National Economic Forum successful California.
"We shouldn't beryllium stockpiling bitcoins," Dimon said erstwhile asked astir however concern argumentation is entwined with national information policies during a panel. "We should stockpiling guns, bullets, tanks, planes, drones, you know, uncommon earths. We cognize we request to bash it. It's not a mystery."
Bitcoin is simply a decentralized integer currency that operates extracurricular of banking oregon authorities authority. President Donald Trump signed an enforcement bid successful March establishing a Bitcoin reserve, which helium described arsenic "a virtual Fort Knox for integer gold."
"We should beryllium stockpiling bullets," helium continued. "Like, you know, the subject guys archer you that, you know, if there's a warfare successful the South China Sea, we person missiles for 7 days. Okay, travel on. I mean, we can't accidental that with a consecutive look and deliberation that's okay. So we cognize what to do. We conscionable got to present spell astir doing it. Get the radical together, rotation up our sleeves, you know, person the debates."
Jamie Dimon joined the Reagan National Economic Forum successful Simi Valley, California, May 30, 2025. (Marco Bello/Bloomberg via Getty Images)
Dimon joined a fireside chat during the Reagan National Economic Forum successful Simi Valley, California, astatine the Reagan Presidential Library Friday for a sweeping treatment connected the system and however the world's "tectonic plates are shifting" successful geopolitics successful the signifier of wars, proxy terrorists and the imaginable proliferation of atomic weapons.
Dimon underscored during his code that helium does not presumption China arsenic America's apical adversary, and alternatively pointed his attraction to the "enemy within" that could pb to the U.S.' presumption arsenic the world's person crater.
"I'm not arsenic disquieted astir China," Dimon said. "China is simply a imaginable adversary. They're doing a batch of things well, they person a batch of problems. But what I truly interest astir is us. Can we get our ain enactment together, our ain values, our ain capability, our ain management?"
JPMorgan Chase CEO Jamie Dimon joins the Reagan National Economic Forum, May 30, 2025. (Fox News Digital )
"I ever get asked this question: Are we going to beryllium the reserve currency?" helium said. "No. You know, if we are not the preeminent subject and the preeminent system successful 40 years, we volition not beryllium the reserve currency. That's a fact. Just work history."
He referred to the U.S. authorities arsenic a "Leviathan" that is excessively anemic to transportation retired policies, portion simultaneously imposing "things connected the American nationalist that they're getting sick of."
Dimon argued that instead, the U.S. needs to observe its long-held values.
A visualization of the virtual cryptocurrency Bitcoin. (Edgar Su/Reuters)
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"Celebrate our virtues: state of speech, state of religion, state of enterprise, adjacent opportunity, family, God, country," helium said. "You know, and you tin admit the flaws that we have, which are bonzer — what we did the Black colonisation for years. Don't denigrate the large things of this country, due to the fact that those are 2 antithetic things."
"We don't speech that overmuch to each different — woody with our policies — this is the force within," helium continued. "We've got to hole our permitting our regulations our migration our taxation, which I, I deliberation they're connected their way. We person to hole our interior metropolis schools, our wellness attraction system."
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The Reagan National Economic forum kicked disconnected Friday, and includes panels featuring Secretary of Energy Chris Wright, lawmakers specified arsenic Sens. Mike Rounds and Bill Cassidy, and leaders from the backstage sector, specified arsenic the CEO of Booz Allen Hamilton, Horacio Rozanski. The bipartisan lawsuit works to beforehand "President Reagan's enduring content successful the powerfulness of the escaped marketplace and idiosyncratic accidental to thrust nationalist prosperity," according to forum organizers.
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