JPMorgan Chase CEO Jamie Dimon announced plans to potentially spend $10 billion to $20 billion on acquisitions, highlighting a strategic shift amid growing blockchain competition. Speaking at the Bernstein Strategic Decisions Conference, Dimon emphasized that while acquisitions are a secondary strategy to organic growth, the bank is prepared to make significant moves if opportunities align with its operations and culture. Dimon's remarks come as JPMorgan acknowledges blockchain technologies as a competitive threat, particularly in payments and smart contracts. This marks a notable shift for Dimon, who previously criticized Bitcoin. The bank has been developing its blockchain capabilities through its Kinexys platform and JPM Coin. While no specific acquisition targets were named, areas like payments infrastructure and wealth management are speculated to be of interest.