Cryptocurrency

Bitcoin

April

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/jpmorgan-ceo-predicts-high-stagflation-risk/" data-wpel-link="internal">JPMorgan CEO Predicts High Stagflation Risk</a> 
Cryptocurrency investors expected interest rate cuts this year, but the dates were continuously postponed. Now, it has been delayed to September. <a href="https://en.coin-turk.com/the-future-of-bitcoin-and-bitcoin-holders-what-lies-ahead/" data-wpel-link="internal">Bitcoin</a> and altcoins need a relaxed monetary policy to perform strongly. However, consistently poor <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> this year is not supportive of risk markets. Moreover, JPMorgan CEO Dimon says there will be more. 
<h2 style="text-align: justify" id="jpmorgan-ceo-s-predictions">JPMorgan CEO’s Predictions</h2> 
JPMorgan Chase CEO Jamie Dimon says the risk of stagflation is higher than people realize. He frequently makes negative statements and doesn’t shy away from the spotlight. Until the April inflation data arrived, markets were worried about additional rate hikes this year. 
Dimon made statements that reignited these concerns. 
<blockquote> 
 “I look at the range of outcomes, and the worst result for all of us is stagflation, higher <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a>, and what you call a recession. This means company profits will fall, and we will get through all of this. The world has gone through it, but I just think the probabilities are higher than people think.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-308262 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/jamie-dimon-coin-turk-com.jpg" alt="" width="569" height="320"> 
Risk markets find these statements troubling, indicating that cryptocurrencies and similar assets could face more pressure in a stagflation environment. On the other hand, the US stock markets have seen strong gains this year with high earnings reports. 
<h2 style="text-align: justify" id="stagflation-and-cryptocurrencies">Stagflation and Cryptocurrencies</h2> 
Stagflation is the term for a situation where economic stagnation and inflation occur simultaneously. This is a tough predicament where the <a>Fed</a> has limited room to fight inflation, unemployment rises, but inflation does not fall. The likelihood of this scenario has increased among those taking the surprisingly low GDP figures seriously in the US. 
Fortunately, April inflation dropped, compensating for the high figures in the first quarter. Now, depending on whether the new GDP data on Thursday meets expectations, these concerns may either be reignited or start to fade. 
The logic is simple: if unemployment rises and inflation doesn’t fall, people turn to safer assets. Significant cash outflows from cryptocurrencies could occur, and with ETFs seeing over $13 billion in net inflows, the resulting outflows could trigger major declines in spot crypto exchanges. March sales are a good example of this. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/jpmorgan-ceo-predicts-high-stagflation-risk/" data-wpel-link="internal">JPMorgan CEO Predicts High Stagflation Risk</a></h5>

JPMorgan CEO Predicts High Stagflation Risk

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