Between Fed rate hikes, a looming recession and new geopolitical turmoil, bitcoin is looking especially attractive to Paul Tudor Jones.
Paul Tudor Jones says bitcoin along with gold are looking more attractive these days given the "cataclysmic" fiscal situation in the U.S., likelihood of a recession and new geopolitical turmoil abroad.
" "I think they probably take on a larger percentage of your portfolio than historically they would because we're going to go through both a challenging political time here in the United States and … we've obviously got a geopolitical situation," he added. BTC.CM=YTD mountain Bitcoin is having a strong year despite being stuck in a narrow range. Jones began buying bitcoin in 2020 as a hedge against inflation, comparing it at the time to the gold trade in the 1970s.
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