On April 13th, a CoinDesk report highlighted remarks made by JPMorgan Chase CEO Jamie Dimon, who indicated preparations for potential upheaval within the approximately $30 trillion U.S. Treasury market. Dimon pointed out that the Federal Reserve may only respond decisively when panic begins to set in. The U.S. Treasury market is crucial to the overall global financial system, influencing a range of financial instruments, from mortgage rates to corporate bond yields. He cautioned that a freeze in the financial system could have severe repercussions, impacting the economy at large. Such volatility in the U.S. Treasury market could lead some investors towards Bitcoin (BTC), viewed as a secure asset in times of instability—echoing 2020’s scenario when Bitcoin’s value surged following the Fed’s aggressive stimulus actions.
Source: https://en.coinotag.com/breakingnews/jpmorgans-jamie-dimon-warns-of-u-s-treasury-turbulence-could-bitcoin-btc-be-the-hedge-against-market-chaos/