Billionaire Paul Tudor Jones: Factors such as geopolitical risks and U.S. debt levels make Bitcoin and gold more attractive

Odaily Planet Daily News Billionaire and hedge fund magnate Paul Tudor Jones said on CNBC’s Squawk Box show on Tuesday that factors such as widespread geopolitical risks and rising U.S. government debt levels have made it difficult to hold stocks, but Bitcoin Coins and gold are attractive options. He also pointed to the U.S. fiscal situation, calling it the weakest since at least World War II. Jones explained: “As interest costs rise in the United States, it will fall into a vicious cycle: rising interest rates will lead to rising financing costs, and an increase in bond issuance, which will further intensify bond liquidations, leading to rising interest rates... The fiscal situation of the United States is unsustainable. , I don’t like stocks, but I like Bitcoin and gold.” Jones first expressed his bullishness on Bitcoin in May 2020, when he said he had invested 1%-2% of his assets in the cryptocurrency. A year later, he expressed his desire to allocate 5% of assets to Bitcoin; earlier in 2023, Jones said that the unfriendly regulatory situation and the Federal Reserve's determination to curb inflation may become disadvantages for Bitcoin. (CoinDesk)