Analysis: If turmoil in the U.S. bond market forces the Federal Reserve to intervene, it may prompt investors to turn to Bitcoin
JPMorgan Chase CEO Jamie Dimon is preparing to deal with the turmoil in the nearly $30 trillion U.S. Treasury market, while the Federal Reserve only takes action when they start to panic a bit. The U.S. Treasury market plays a central role in global finance, setting the tone for all market factors from mortgage rates to corporate bond yields. Jamie Dimon warns that if the financial system falls into paralysis again, its consequences could ripple through the entire economy. Turbulence in the U.S. Treasury market leading to Federal Reserve intervention may prompt some investors to turn to Bitcoin (BTC), which is often seen as a hedge against currency instability; this seemed to be the case in 2020 when aggressive stimulus measures by the Fed led Bitcoin prices soaring.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citibank and Swift complete pilot for PvP settlement process between fiat and digital currencies
Data: A certain whale increased holdings by 57,000 ETH in a single day, with total holdings reaching $1.21 billions
RootData: SIGN will unlock tokens worth approximately $3.77 million in one week