Presto Analyst: There is a possibility of a bond market collapse after the U.S. election, Bitcoin will benefit from it

Trade and financial services company Presto analysts Peter Chung and Min Jung said in a CNBC interview with Paul Tudor Jones on Tuesday that the U.S. election could trigger a bond market crash, among risk assets, they are bullish on Bitcoin, gold, commodities and Nasdaq stocks.

Presto analysts stated in their report that over the past 25 years, the ratio of U.S. debt to GDP has risen from 40% to 100%, which may reach between 124% and 200% in the next 10 to 30 years. The US election could trigger a "Minsky moment", where the bond market will recognize problems and demand higher deficit financing compensation. The promises of Republican candidate Donald Trump and Democratic candidate Kamala Harris have both increased the risk of a bond market collapse. Inflation is the only solution to this problem. The Bitcoin Act for year 2024 currently awaiting Congressional approval might help stabilize U.S debt or even possibly stabilize global financial system.