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Bitcoin Is Good Hedge in Current Geopolitical Tensions, Says Paul Tudor Jones
Despite the current selling pressure, billionaire investors continue to bet on Bitcoin (BTC) and see it as a potential hedge against the current geopolitical tensions. On Tuesday, October 10, billionaire hedge fund manager Paul Tudor Jones said that it’s extremely risky now to invest in risk assets, however, he has his hopes alive in Bitcoin.
Paul Tudor Jones and His Stance on Bitcoin
In an interview with CNBC, Tudor Jones said:
“It’s a really challenging time to want to be an equity investor and in US stocks right now. You’ve got the geopolitical uncertainty… the United States is probably in its weakest fiscal position since certainly World War II with debt-to-GDP at 122%.”
Speaking about Bitcoin, apart from the geopolitical tensions, Tudor Jones also pointed out the concerning macro developments. As interest rates rise in the United States, a troubling cycle ensues. Elevated interest
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