Bitcoin

Gold

<p style="text-align: justify">Billionaire hedge fund manager Paul Tudor Jones claimed that he is closely following <a href="https://en.coin-turk.com/current-situation-of-cryptocurrencies-bitcoin-and-altcoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/whale-alert-reports-60-million-btc-transfer-is-bitcoin-preparing-for-a-new-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) and gold due to the increasing possibility of geopolitical conflicts and recession. Here’s a critical comment from the senior analyst!</p>
<h2 id="bitcoin-rush-is-coming">“Bitcoin Rush is Coming!”</h2>
<p style="text-align: justify">In a recent CNBC interview, the legendary investor claimed that he prefers BTC and gold because he predicts economic hardship that could send stocks into a major correction. Paul Tudor Jones said the following about the matter:</p>
<blockquote>
 <p style="text-align: justify">I would love to have gold and Bitcoin together. I think they are probably taking a larger percentage of your portfolio than historically because we are going through a tough political period here in the United States, and we will be going through this process… Obviously, the geopolitical situation is significant.</p>
</blockquote>
<p style="text-align: justify">Paul Tudor Jones mentioned that as the recession approaches, investors will likely transfer at least $40 billion to gold, and Bitcoin could have a place in cautious portfolios. In his positive comments about BTC, the analyst stated:</p>
<blockquote>
 <p style="text-align: justify">We will most likely enter a recession. There are very clear recession trades. The easiest one is the yield curve really steepening, futures premiums going to the back end of the bond markets, the 30-year, the 10-year, and the 7-year notes. The stock market generally tends to decline about 12% right before a recession. It will probably happen at some point, from some level. When you look at the big hole in gold, there is probably $40 billion of buying that needs to come in at some point between now and whenever this recession actually turns into one. So yes, I like Bitcoin, and I like gold here.</p>
</blockquote>
<p><img decoding="async" class="aligncenter wp-image-265199 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/bitcoi.jpg" alt="" width="1122" height="532"></p>
<h2 id="the-impact-of-the-fed-on-the-markets">The Impact of the Fed on the Markets!</h2>
<p style="text-align: justify">The founder of Tudor <a href="https://en.coin-turk.com/what-is-a-commodity-types-of-commodities/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investment</a> Corporation stated that due to the hawkish stance of the Fed and increasing yields of long-term US Treasury bonds, it is likely that a recession will occur in the first quarter of next year. The expert emphasized the following in his statements:</p>
<blockquote>
 <p style="text-align: justify">So, the reason why we are probably going to have a recession in the first quarter of next year is that the bond market will probably make more interest rate hikes through supply and demand because we don’t have a swap price yet for the long-term debt. So these interest rate hikes will likely push us into a recession.</p>
</blockquote> Continue Reading: <a href="https://en.coin-turk.com/hedge-fund-billionaire-predicts-bitcoin-and-gold-surge-amid-geopolitical-conflicts-and-recession/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/hedge-fund-billionaire-predicts-bitcoin-and-gold-surge-amid-geopolitical-conflicts-and-recession/</a>

Hedge Fund Billionaire Predicts Bitcoin and Gold Surge Amid Geopolitical Conflicts and Recession

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