FMP
Bitcoin Below $42,000. JPMorgan CEO Comments on Cryptos
Sep 28, 2021 11:31 PM - Davit Kirakosyan
Image credit: FMP
Jamie Dimon, the CEO of JPMorgan, once again reminded everyone of his attitude towards Bitcoin, which dropped lower than $42,000 on Tuesday, gradually declining from the start of the week, with Monday’s highest price being $44,313.
According to Dimon, one is a fool if he borrows money to purchase Bitcoin. However, it’s important to point out that JPMorgan, the company ruled by Dimon, is now giving its customers access to six cryptocurrency funds and even made its own digital ledger token for payments, which is called JPM Coin.
During the interview, Dimon also acknowledged the possibility of the cryptocurrency sector gaining tenfold in its value in the next years.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
