Billionaire hedge fund manager Paul Tudor Jones picks Bitcoin over stocks
Paul Tudor Jones expects a recession in the first quarter of 2024. He also expects the Israel-Palestine war to make stocks less attractive. Bitcoin has a history of doing well in the midst of political uncertainty. Bitcoin is still down 13% versus its year-to-date high but Paul Tudor Jones remains bullish as ever on the world’s largest cryptocurrency. Paul Tudor Jones expects BTC to do well in a recession The billionaire hedge fund manager is constructive on Bitcoin primarily because he sees a recession ahead. The Founder of Tudor Investment also expects the Israel-Palestine war to make Stocks less attractive. Ongoing conflict in the Middle East has already claimed close to 2,000 lives. According to Paul Tudor Jones: I think Bitcoin and Gold take on a larger percentage of your portfolio than historically they would because of a challenging political time in the U.S. and geopolitical situation. Bitcoin has a history of performing well in the midst...