Jamie Dimon Just Fed The Cockroaches Of Crypto, Jim Cramer Says

Jamie Dimon wants to fortify America’s economic defenses, but the plan will spark an unlikely side effect, according to CNBC’s Jim Cramer.

The JPMorgan Chase CEO unveiled a $1.5 trillion initiative dubbed “Security and Resiliency.” The sweeping 10-year effort aims to finance and invest in industries deemed vital to national security — from critical minerals and batteries to AI and quantum computing.

Cramer, however, sees trouble brewing as a fresh wave of speculation has crypto bugs crawling out of the woodwork.

“We are in 2000 territory on specs,” he warned on X, saying Dimon’s fund “unwittingly stoked a huge spec wave.” His message to investors: trim before people get hurt.

Full story available on Benzinga.com