PANews reported on April 13 that according to CoinDesk, JPMorgan Chase CEO Jamie Dimon is preparing to deal with the chaos in the nearly $30 trillion U.S. Treasury market, and the Federal Reserve will only take action if they start to panic a little. 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 is paralyzed again, the consequences could spread to the entire economy.
Turbulence in the U.S. Treasury market leading to Federal Reserve intervention could prompt some investors to turn to Bitcoin (BTC), which is often seen as a hedge against currency instability, as appeared to be the case in 2020, when the price of Bitcoin soared following the Fed’s aggressive stimulus measures.
