According to CoinDesk, as reported by ChainCatcher, JPMorgan Chase CEO Jamie Dimon stated that he is preparing for potential chaos in the nearly $30 trillion U.S. Treasury market, with the Federal Reserve only taking action when they start to panic. 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 warned that if the financial system becomes paralyzed again, the consequences could impact the entire economy. Turbulence in the U.S. Treasury market leading to Federal Reserve intervention might prompt some investors to turn to 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 BTC prices soared.