PANews October 23 news, according to The Block, analysts from the trading and financial services company Presto have stated that the U.S. election could trigger a collapse in the bond market, which would also affect other assets like Bitcoin. Presto analysts Peter Chung and Min Jung issued this warning after well-known investor Paul Tudor Jones was interviewed by CNBC on Tuesday. Jones stated in the interview that he is optimistic about Bitcoin, gold, commodities, and Nasdaq stocks in the current risk environment.

Analysts wrote in a report: "Over the past 25 years, the U.S. debt-to-GDP ratio has risen from 40% to 100%, and it may reach 124% to 200% in the next 10 to 30 years. The U.S. election could trigger a 'Minsky moment,' when the bond market realizes the issues at hand and demands higher compensation for funding deficits." Chung and Jung believe that both Republican candidate Trump and Democrat Harris have committed to 'fiscal extravagance,' leading to a continuous rise in government debt levels, which exacerbates the risk of a bond market collapse. They stated that escaping the dilemma through inflation is the only solution, which echoes Jones's view that 'all roads lead to inflation.'

Presto analysts stated that Jones's perspective is worth noting, as it may be a driving force behind the recent rise in government bond yields (and the increase in sovereign risk credit default swap rates). Chung and Jung believe that the (2024 Bitcoin bill) currently awaiting congressional approval could help stabilize U.S. debt and even stabilize the global financial system. However, they added that neither presidential candidate has prioritized the debt issue, indicating it is not a primary concern for most voters.