Amid looming Federal Reserve rate hikes and geopolitical unrest, billionaire investor Paul Tudor Jones reaffirms his affinity for Bitcoin
The allure of Bitcoin remains strong for billionaire investor Paul Tudor Jones. During his Tuesday appearance on CNBC's"Squawk Box," hethat he still likes the flagship cryptocurrency and gold, with recession fears, increased geopolitical unrest and rate hikes being the main reasons why.Following his foray, Bitcoin witnessed a significant rally, enhancing its appeal to many investors.
He highlighted the skyrocketing U.S. debt-to-GDP ratio and the implications of surging interest rates, which could soon eclipse defense spending. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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