Paul Tudor Jones Predicts Final Phase of U.S. Bull Market, Plans to Hold Gold, Crypto, and Nasdaq Tech Stocks Through Year-End

Key Takeaways:Veteran investor Paul Tudor Jones says the U.S. stock market is entering the final stage of its bull market, potentially more explosive than the late 1990s tech boom.Jones plans to hold gold, cryptocurrencies, and Nasdaq technology stocks until the end of the year to capture upside momentum.He warns that a “speculative frenzy” among retail investors could mark the last and strongest phase of the rally.Billionaire hedge fund manager Paul Tudor Jones believes the U.S. stock market is on the verge of a final breakout phase in the ongoing bull cycle — one that could deliver powerful gains before a potential peak.Speaking in a recent interview cited by ChainCatcher, Jones said all conditions are aligned for a late-stage market surge, driven by optimism around monetary easing, strong corporate earnings, and investor appetite for risk assets.“All the conditions for a surge in the U.S. stock market are in place,” Jones said. “The coming phase could be even more explosive than the rally before the dot-com bubble burst in 1999.”Diversified Year-End Portfolio: Gold, Crypto, and Tech StocksTo capitalize on what he views as a potentially historic rally, Jones revealed that he plans to hold gold, cryptocurrencies, and Nasdaq technology stocks through the end of 2025. These asset classes, he said, represent the best hedge against inflation, currency debasement, and market volatility.“Speculative Frenzy” Expected Before the PeakWhile optimistic on short-term gains, Jones cautioned that markets could enter a speculative frenzy driven by retail traders and hedge funds running simultaneous long and short positions.He added that the “final 12 months before a market peak” often produce the largest gains, but also carry heightened risks as valuations stretch and leverage increases.Jones does not expect an immediate market top but warned that investor sentiment and liquidity conditions will determine how long the rally can sustain.Macro Drivers Behind the RallyHis comments come as the S&P 500 and Nasdaq Composite hover near record highs, while gold and Bitcoin also trade at all-time highs. The ongoing U.S. government shutdown, rate cut expectations, and weakening U.S. dollar have added to the risk-on sentiment across global markets.