Bitcoin ETF

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/impending-turmoil-in-the-us-economy-jpmorgan-ceos-stark-warning" rel="noopener noreferrer nofollow">Impending Turmoil in the US Economy: JPMorgan CEO’s Stark Warning</a><br></p>
<p style="text-align: justify">JPMorgan Chase CEO Jamie Dimon has expressed concerns about the potential for significant turmoil in the US economy. He highlights the country’s current debt situation, with national debt exceeding $34.1 trillion, an all-time high.</p>
<h2 style="text-align: justify" id="economic-precipice-a-ceo-s-forecast">Economic Precipice: A CEO’s Forecast</h2>
<p style="text-align: justify">Dimon pointed out the high interest and inflation rates in the US, reflecting on the changes in the economy since 1982. Back then, unemployment was at 10%, and the national debt was about 35% of the GDP.</p>
<p style="text-align: justify">The CEO noted a worrying shift in the debt-to-GDP ratio, now over 100% and projected to reach 130% by 2035. He warned of a potential “rebellion” due to the large amount of US debt owned by foreign entities.</p>
<p style="text-align: justify">Dimon also discussed the lingering effects of COVID-19 on the US economy and the Federal Reserve’s recent interest rate adjustments. He suggests that without significant intervention, the economy could approach a dangerous precipice over the next decade.</p>
<p style="text-align: justify">Regarding <a href="https://en.bitcoinhaber.net/bitcoins-dominance-peaks-as-analysts-predict-potential-dip-and-altcoin-rally" rel="noopener noreferrer nofollow">Bitcoin</a>, Dimon remains a skeptic, dismissing its utility despite the optimism of other financial leaders. However, some believe that a US economic downturn could positively impact Bitcoin’s value, and the approval of a spot Bitcoin ETF in the US has eased regulatory barriers for institutional investors.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/impending-turmoil-in-the-us-economy-jpmorgan-ceos-stark-warning" rel="noopener noreferrer nofollow">Impending Turmoil in the US Economy: JPMorgan CEO’s Stark Warning</a></h5>

Impending Turmoil in the US Economy: JPMorgan CEO’s Stark Warning

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