Opinion: Chaos in the U.S. bond market may force the Fed to intervene, which may prompt some investors to turn to Bitcoin
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Planet Daily News: JPMorgan Chase CEO Jamie Dimon is preparing to address the chaos in the nearly $30 trillion U.S. Treasury market, with the Federal Reserve only taking action when "they start to get a bit panicked". The U.S. Treasury market plays a core 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 becomes paralyzed again, the consequences could impact the entire economy. The turbulence in the U.S. Treasury market leading to Federal Reserve intervention might prompt some investors to turn to Bitcoin (BTC), which is often viewed as a hedge against currency instability, as was the case in 2020 when the Federal Reserve took aggressive stimulus measures and Bitcoin's price soared. (CoinDesk)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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