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

The analysts wrote in a report: 'Over the past 25 years, the ratio of U.S. debt to Gross Domestic Product (GDP) has risen from 40% to 100%, and it could 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 problems and demands higher compensation for funding deficits.' Chung and Jung believe that both Republican candidate Trump and Democrat Harris have committed to 'fiscal extravagance,' resulting in rising government debt levels and exacerbating the risk of bond market collapse. They stated that the only solution is to escape through inflation, echoing Jones's view that 'all roads lead to inflation.'

Presto analysts noted that Jones's views are worth paying attention to, as they may be 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 potentially stabilize the global financial system. However, they added that neither presidential candidate has prioritized the debt issue, indicating that it is not a primary concern for most voters.