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JPMorgan, a leading financial giant, has applauded the strength of the US dollar. The financial behemoth, in its newest report, has praised the US dollar’s resilience, adding how the USD has weathered multiple critical junctures to emerge stronger than ever. JP Morgan further acknowledged the role of federal rate cuts, which have played an elemental role in stabilizing the US dollar’s reputation on a global level.  Also Read: The US Dollar Is As Strong As It Was In The 2000s Why Is The US Dollar Emerging Stronger Than Its Contemporaries? Source: Pixabay Per JPMorgan, the US dollar has proven to be “remarkably resilient,” despite being presented with worsening US debt metrics and labor data. The financial behemoth was quick to note how the current rate-cut stance of the Federal Reserve has proven particularly favorable to upholding USD prestige on a global platform.  “This is now being challenged, and the corresponding de-pricing of Fed cuts has take...

JPMorgan Chase CEO Jamie Dimon reiterated his longstanding skepticism about BTC despite his company’s role in the BlackRock Bitcoin ETF.  Despite the cryptocurrency’s status as the most valuable in terms of market capitalization, Dimon remained unswayed, questioning its intrinsic worth. Under Dimon’s leadership, JPMorgan Chase has been identified as an authorized participant for BlackRock’s newly approved spot Bitcoin ETF, the iShares Bitcoin Trust.  “The actual use cases are sex trafficking, tax avoidance, anti-money laundering, terrorism financing; it’s not just people buying and selling bitcoin. There’s no value if you’re buying and selling Bitcoin.” – Jamie Dimon, CEO of JPMorgan Chase You might also like: SEC approves spot Bitcoin ETF on accelerated basis This involvement is a notable contrast to Dimon’s personal views on cryptocurrency. His critical perspective on digital currencies is well-documente...