$BTC ##JPMorgan #BTC‬ #CryptoFever #BitcoinMillionaire Bitcoin's recent price surge to new highs has some experts worried, including JPMorgan Chase's chief market strategist Marko Kolanovic. In a research note, Kolanovic reportedly expressed concern that the rally in Bitcoin and other digital assets could hinder the Federal Reserve's ability to loosen monetary policy.

Kolanovic argues that Bitcoin's jump above $60,000 "may keep monetary policy higher for longer." His reasoning is that premature interest rate cuts could further inflate asset prices or reignite inflation.

Bitcoin's recent performance stands in contrast to the broader market reaction to the Fed's decision to maintain current interest rates. While stocks and other assets dipped on the news, Bitcoin remained relatively stable. This stability comes after a strong start to the year, with Bitcoin currently up nearly 9% and briefly touching a new all-time high on major exchanges.

The confluence of factors driving Bitcoin's price increase includes the anticipated loosening of monetary policy, the success of Bitcoin ETFs, and the upcoming Bitcoin halving – an event historically linked to price increases. However, the asset's volatility and potential to overheat are cause for concerns, potentially delaying the policy changes some investors are hoping for.#ETHSurge