Investor Paul Tudor Jones Drops The Bomb On Bitcoin, Gold And US Recession

It has been just revealed that the legendary investor Paul Tudor Jones has dropped the bomb about Bitcoin, gold, and he also had something to say about a US recession as well. Check out the latest reports about all this below.

Billionaire hedge fund manager Paul Tudor Jones recently revealed his interest in investing in Bitcoin (BTC) and gold.

In a recent interview with CNBC, the renowned investor stated his preference for BTC and the precious metal due to the increasing geopolitical conflicts and the possibility of a recession.

He believes that the economic downturn ahead could lead to a significant drop in equities, hence his inclination towards alternative investment options.

Jones said the following:

“I would love gold and Bitcoin together. I think they probably take on a larger percentage of your portfolio than historically they would because we’re going to go through both a challenging political time here in the United States, and we’re going to go through – we’ve obviously got a geopolitical situation.”

According to Jones, investors are likely to invest a minimum of $40 billion in gold as the economy approaches a recession. He also believes that Bitcoin could be a valuable addition to portfolios that prioritize caution.

Jones explains that there are clear signs of an impending recession, such as a steep yield curve, a term premium in the backends of debt markets, a 12% decline in the stock market, and long positions in gold. If a recession does occur, there may be up to $40 billion worth of gold buying required.

Therefore, Jones recommends investing in both Bitcoin and gold at this time.

According to the founder of Tudor Investment Corporation, a recession is likely to occur in the first quarter of next year due to the Federal Reserve’s hawkishness and the rising yields on long-term U.S. Treasury bonds.

He suggests that the bond market will deliver more rate hikes, which will lead to a recession, as we don’t yet have a clearing price for long-term debt.

Therefore, those rate hikes are probably going to tip us into recession. At the time of writing, Bitcoin is trading for $27,444, which is up by 0.3% in the last 24 hours.