JPMorgan Chase CEO Jamie Dimon supports a disturbance in the nearly $ 30 trillion US Treasury Market, as he says, could force Federal Reserve to step in, just as it did in the early days of the Covid-19 Pandemic.

“There will be a Kerfuffle in the Treasury Markets because of all rules and regulations,” Dimon said in a revenue call on Friday, warning that Fed will not act before they start panicking a little. “

Dimon’s comments come when bonds cause increases in the increase in the tip and market volatility. The rising dividends have suggested that investors are withdrawing from popular trades that utilize gaps between the State Treasury and Futures, adding stress to a market already rattled by merchant stresses during the escalating trade war in US-China.

Dimon said the current rules prevent banks from stepping in as buyers when liquidity dries up. By 2020, a similar situation forced bold to launch a bond program on several trillion dollars to keep the market working.

He is pushing for reforms that would let the banks act more freely as intermediaries. An idea discussed is exempt from treasuries from hearing conditions calculations that can allow institutions to buy more government debt without hitting capital buffers.

“If they don’t [change the rules]Fed will have to intermediate, which I think is just a bad political idea, ”Dimon said.

The Treasury market plays a key role in global funding and sets the tone of everything from mortgage rates to corporate bonds. Dimon warned that if the system is unlocked again, the consequences could be mugged over the economy.

A Treasury Market Disorder that leads to FED intervention may lead to some investors against Bitcoin (BTC), which is often seen as a hedge against monetary instability. That seems to have been the case in 2020, as Bitcoin’s price rose after Fed’s aggressive stimulus response. Other factors, including Cryptocurrency’s halving effect from 2020, could also have incorporated in Bitcoin’s price jump.