Opinion: Chaos in the U.S. bond market may force the Fed to intervene, which may prompt some investors to turn to Bitcoin

Odaily News JPMorgan Chase CEO Jamie Dimon is preparing for a turmoil in the nearly $30 trillion U.S. Treasury market, which plays a central role in global finance, setting the tone for everything from mortgage rates to corporate bond yields. If the financial system is paralyzed again, the consequences could ripple through the entire economy, Dimon warned.
Turbulence in the U.S. Treasury market that has led to Federal Reserve intervention could push some investors toward Bitcoin (BTC), which is often seen as a hedge against currency instability, as seemed to be the case in 2020, when the price of Bitcoin surged as the Fed responded with aggressive stimulus measures. (CoinDesk)