Jun. 19 at 3:31 PM
https://seekingalpha.com/article/4795977-jpmorgan-dimons-crypto-u-turn-genius-act-on-deck
💼 JP Morgan Chase & Co (NYSE:
$JPM) is a stock I own, but have yet to cover by itself.
I’ve only evaluated
$JPM when comparing other bank stocks I hold, mostly against other US-based #SIB (Systemically Important Banks).
Every time,
$JPM pencils out at a premium in the models I use. 📊💰
But now some major catalysts are lining up… including crypto stablecoins. 🪙🔥
The new
$JPMD coin builds on what #JPMCoin originally offered institutional clients and will now give retail users access to a dollar-backed stablecoin 💵💻
👀 CEO Jamie Dimon has basically done a full 180 on crypto.
He wasn’t a fan at the start, but stablecoins aren’t like
$BTC — they’re backed by the US dollar and meant to digitize it. 🇺🇸🔗
This could further embed the US Dollar as the global reserve currency, now powered by blockchain. 🌍
#Stocktwits #Crypto #Stablecoin #FinTech #JamieDimon #DigitalDollar #Blockchain #Finance #BigBanks #Web3 #Dollar #Banking #JPMD #LongJPM