TechFlow, June 2 — According to CoinDesk, Jamie Dimon, CEO of JPMorgan Chase, said at the California National Defense Forum that the U.S. should prioritize stockpiling military supplies over establishing a Bitcoin reserve. He criticized recent government proposals to create a national digital asset reserve as impractical, emphasizing that current U.S. preparedness in the South China Sea can only last seven days. He stated the nation needs more "missiles, bullets, tanks, drones, and rare earth elements." Despite this firm stance, JPMorgan still plans to allow clients to purchase Bitcoin in the near future.
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