Here's why Jamie Dimon's economic outlook could be bullish for Bitcoin

The global economy is currently in uncharted waters, and investors across all markets and assets - including stocks, Bitcoin, gold, and more - are all closely watching to see how the economy trends as most countries begin easing their pandemic-related lockdowns.

The man standing at the helm of one of the world's largest banks believes that the economic recovery seen in the years ahead could be fairly rapid.

Jamie Dimon: the US could see a "Fairly rapid recovery".

The global markets have seen immense turbulence in recent times, with most markets incurring intense losses in early-March before posting a notable rebound in the time since.

This turbulence led Bitcoin to decline to lows of $3,800 before garnering massive buying pressure that ultimately led it up to highs of $10,500.

The S&P 500 and other indices recovered in tandem, although the benchmark cryptocurrency's recovery was far more drastic than that seen by all other assets.

Jamie Dimon - the CEO of JPMorgan - believes that the ongoing recovery in the stock market may be justified, as he notes that the global economy could recover rapidly as global lockdowns begin easing.

"You could see a fairly rapid recovery I think that's got a good chance."

Here's why Dimon's outlook is bullish for Bitcoin.

An overlay of the two assets' charts show that they have been seeing strikingly similar price action in recent times, despite Bitcoin's recovery from its March lows being more magnified than that seen by the S&P 500.Data via Skew.