JPMorgan CEO Jamie Dimon is urging U.S. leaders to focus on hard power over digital dreams.

During a speech at the Reagan National Defense Forum in California, Dimon argued that the country should be preparing for military conflict—not investing in crypto reserves. His remarks, reported by TheStreet, took aim at recent government initiatives to explore national digital asset strategies.

“We shouldn’t be stockpiling bitcoins,” Dimon said bluntly. “We already know what’s critical—guns, bullets, tanks, planes, drones, and rare earths.”

Dimon’s comments appeared to directly challenge proposals made earlier this year by former President Donald Trump, who suggested the U.S. should build a Bitcoin reserve as a hedge against fiat risk and global instability.

But for Dimon, the real threat is underpreparedness in the face of escalating geopolitical tensions.

“If there’s a war in the South China Sea, we’ve got missiles for seven days,” he warned. “That’s not a statistic to be proud of.”

Despite his skepticism toward digital assets, Dimon has acknowledged market demand. Earlier this month, JPMorgan confirmed it would offer Bitcoin access to its clients—marking a strategic pivot even as its CEO remains a vocal critic of the asset.