Hedge fund billionaire Paul Tudor Jones says ‘Entire US regulatory apparatus is against Bitcoin’

Billionaire hedge money manager Paul Tudor Jones believes Bitcoin (BTC) volition spot beardown headwinds successful the coming months owed to regulators and inflation.

Jones made the comments during his latest appearance connected CNBC’s Squawk Box, wherever helium discussed assorted economical themes and monetary policy.

Jones said helium inactive believes successful Bitcoin and continues to allocate a tiny percent of his wealthiness to the asset. He said:

“It is the lone happening that humans can’t set the proviso successful truthful I’m sticking with it and I’m ever gonna instrumentality with it.”

‘Bitcoin has a existent problem’

Jones said helium liked Bitcoin much backmost successful December 2022 and inactive likes it but is cautious astir its future.

He said that Bitcoin and golden person done truly good precocious owed to large hazard premiums amid the precocious ostentation environment. However, if ostentation has “done its bit,” past the gains from inflationary hedges whitethorn beryllium over, and this could marque Bitcoin “boring.”

He elaborated that Bitcoin has a “real problem” successful the U.S. and whitethorn not beryllium arsenic fashionable successful the coming months compared to the past fewer years owed to the antagonistic regulatory cognition towards crypto combined with little inflation.

Jones said:

“In the United States, you person the full regulatory apparatus against it [Bitcoin], truthful it’s conscionable kinda yesterday’s news.”

Furthermore, if ostentation comes backmost nether power and investors are nary longer hedging against it past it volition apt origin a diminution successful golden and Bitcoin — some of which are considered bully hedge assets.

Impact of AI

Jones said that the advent of AI flipped the publication connected an inflationary future, and it is much apt present that the Federal Reserve volition get it nether control.

According to Jones, this volition partially beryllium driven by the productivity boost generated by AI, arsenic good arsenic caller innovations successful the sector.

He said:

“Before AI, earlier the imaginable productivity boost we’ll get from it, I would person painted a wholly antithetic communicative successful presumption of inflationary aboriginal and ostentation hedging.”

The station Hedge money billionaire Paul Tudor Jones says ‘Entire US regulatory apparatus is against Bitcoin’ appeared archetypal connected CryptoSlate.