As the price of Bitcoin hits new highs, the bullish numbers aren’t good for everyone—and could be a sign of a bubble that frightens the Fed. 

That’s according to JPMorgan Chase & Co.’s chief market strategist Marko Kolanovic, who reportedly said in a research note that the surge of the biggest digital asset and related may stop the Federal Reserve from loosening monetary policy as soon as expected.

Kolanovic cited Bitcoin’s jump above $60,000, saying it “may keep monetary policy higher for longer, as premature rate cutting risks further inflating asset prices or causing another leg up in inflation.”

The multinational bank’s strategist continued to argue that the rally in tech stocks and Bitcoin is a sign of “froth” in the market and could lead to a rebound in prices.

Market froth was also on the mind of Patrick Felder, Prismatic Capital founder and CIO.

“I’m sur

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Author: Mathew Di Salvo

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