JPMorgan CEO: U.S. Treasury Market May Experience Disruption Leading to Fed Intervention, or Prompt Some Investors to Turn to BTC

BlockBeats News, April 13th, according to CoinDesk report, JPMorgan Chase CEO Jamie Dimon stated that he is preparing for the chaos in the nearly $30 trillion U.S. Treasury market, with the Federal Reserve only acting when they start to get a little panicked. The U.S. Treasury market plays a core role in the global financial system, setting the tone for all market factors from mortgage rates to corporate bond yields.

Jamie Dimon warned that if the financial system were to freeze up again, the consequences could ripple through the entire economy. Turbulence in the U.S. Treasury market leading to Fed intervention could prompt some investors to turn to Bitcoin (BTC), which is often seen as a hedge against instability — as was the case in 2020 when the Fed took aggressive stimulus measures and the price of Bitcoin surged.