Analysis: If the chaos in the U.S. bond market forces the Federal Reserve to intervene, it may prompt investors to switch to Bitcoin
Internet reports that JPMorgan Chase CEO Jamie Dimon is preparing to deal with the nearly $30 trillion chaos in the U.S. Treasury market, which plays a central role in global finance, setting the tone for everything from mortgage rates to corporate bond yields, while the Federal Reserve will only act when they start to panic. Jamie Dimon warned that if the financial system collapses again, the consequences could ripple across the economy. The turmoil in the U.S. Treasury market, leading to the Federal Reserve's intervention, may prompt some investors to turn to Bitcoin (BTC), which is often seen as a hedge against currency instability. This seems to be the case in 2020, when the Fed took aggressive stimulus measures and Bitcoin prices soared.
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