Odaily Planet Daily News JPMorgan Chase CEO Jamie Dimon is preparing for chaos in the nearly $30 trillion U.S. Treasury market, and the Federal Reserve will only act if "they start to panic a little 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 warned that if the financial system is paralyzed again, the consequences could spread to the entire economy.
The turmoil in the U.S. Treasury market has led to the intervention of the Federal Reserve, which 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 the Federal Reserve took aggressive stimulus measures and Bitcoin prices soared. (CoinDesk)