Viewpoint: Chaos in the US bond market may force the Federal Reserve to intervene, which may prompt some investors to turn to Bitcoin

Odaily Planet Daily News Jamie Dimon, CEO of JPMorgan Chase, is preparing to deal with the chaos in the treasury bond market of nearly $30 trillion, and the Federal Reserve will take action only when "they start to panic". The treasury bond market plays a central role in global finance, setting the tone for all market factors, from mortgage interest rates to corporate bond yields. Jamie Damon warns that if the financial system collapses again, the consequences could ripple through the entire economy. The turmoil in the US treasury bond market led to the intervention of the Federal Reserve, which may prompt some investors to turn to Bitcoin (BTC). Bitcoin is usually regarded as a tool to hedge against currency instability. This seems to be the case in 2020, when the Federal Reserve took active stimulus measures, and the price of Bitcoin soared. （CoinDesk）