JPMorgan CEO Jamie Dimon remains critical of Bitcoin despite the bank preparing to allow clients to buy it.
Dimon believes the US should prioritize defense logistics over stockpiling Bitcoin, suggesting a focus on essential resources like ammunition and rare earths.
Recently, President Trump signed an Executive Order for a national strategic Bitcoin reserve, but Dimon emphasizes the importance of real-world defense preparations.
Dimon has a history of bashing Bitcoin, previously calling it a 'fraud' and a 'pet rock,' but JPMorgan will now allow clients to buy Bitcoin in response to client demands.