As investor sentiment shifts and liquidity flows back into the space, meme-based tokens are drawing fresh interest for their potential for fast-paced gains.
Federer's longtime brand deals with Rolex and Mercedes-Benz, as well as newfound partnerships with Uniqlo, have made his bank account skyrocket, contributing to a net worth of $1.3 billion.
"They have done an enormous job over the last 20 years lifting up their people," Dimon told Bloomberg in an interview in Shanghai on Thursday local time.
Gold prices fell as optimism grew for a ceasefire between Russia and Ukraine, and the largest outflow from gold-backed ETFs since September 2022 pressured the market.
Granted, recent Tesla earnings weren't so hot. Operating profits missed estimates, deliveries fell 13%, and EPS of 27 cents missed by 15 cents. However, investors are shrugging off a good deal of negativity.
The commitment is subject to fiduciary duty and consumer duty, meaning investments will prioritize return over patriotic sentiment unless government structures align favorably.