Jamie Dimon Criticizes U.S. Bitcoin Reserve Plan at Reagan Forum

Staying consistent with his long-held stance against the cryptocurrency, Dimon stated, “We shouldn’t be stockpiling Bitcoin.”

His comments come in response to a recent U.S. policy shift, which includes the creation of a national Bitcoin reserve initially made up of coins forfeited in federal seizures. The reserve initiative, unveiled earlier this year, marks the government’s most significant engagement with digital assets to date.

Dimon’s remarks underscore the ongoing divide between traditional financial leaders and the growing institutional embrace of Bitcoin. Despite increasing adoption, the JPMorgan chief has remained one of Wall Street’s most vocal crypto skeptics, often criticizing Bitcoin’s utility and volatility.

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While the U.S. government frames the reserve as a strategic diversification of hard assets, Dimon warned that such a move could expose the nation to unnecessary risk, reflecting his broader view that Bitcoin remains unsuitable for long-term value storage or sovereign asset management.

His criticism may intensify the debate over Bitcoin’s role in national reserves, especially as other countries and private firms continue to integrate it into their financial strategies.

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