Overview

• At the Reagan National Economic Forum, Dimon said the US should stockpile guns, bullets, tanks, planes, drones and rare earth metals rather than bitcoin.
• He warned that military officials estimate only seven days of missiles for a potential South China Sea conflict and urged faster defense modernization.
• JPMorgan plans to release a "Defense Action Form" advising industry and government on reducing surplus production and boosting defense spending.
• Dimon restated his view that bitcoin lacks intrinsic value and is prone to illicit use, contrasting with President Trump’s March executive order to establish a bitcoin reserve.
• He highlighted domestic challenges—such as permitting, immigration and underperforming inner-city schools—as critical threats to US leadership.