Presto analyst: There is a risk of a collapse in the Treasury market after the US election, and Bitcoin will benefit from it

BlockBeats news, on October 23, Peter Chung and Min Jung, analysts at the trading and financial services company Presto, said in an interview with Paul Tudor Jones on CNBC on Tuesday that the US election could trigger a bond market crash. Among risky assets, he is bullish on Bitcoin, gold, commodities and Nasdaq stocks.

Presto analysts said in the report that over the past 25 years, the ratio of US debt to GDP has risen from 40% to 100%, and may reach 124% to 200% in the next 10 to 30 years. The US election may trigger a "Minsky moment", and the bond market will realize the problem and demand higher deficit financing compensation. The promises of Republican candidate Donald Trump and Democratic candidate Kamala Harris have increased the risk of a bond market crash. Solving the problem through inflation is the only solution. The 2024 Bitcoin Act, which is currently awaiting approval by Congress, may help stabilize US debt and may even stabilize the global financial system.