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<div class="coinjournal">
 <ul>
  <li>Paul Tudor Jones expects a recession in the first quarter of 2024.</li>
  <li>He also expects the Israel-Palestine war to make stocks less attractive.</li>
  <li>Bitcoin has a history of doing well in the midst of political uncertainty.</li>
 </ul>
 <p>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.</p>
 <h2 id="paul-tudor-jones-expects-btc-to-do-well-in-a-recession">Paul Tudor Jones expects BTC to do well in a recession</h2>
 <p>The billionaire <a rel="noopener noreferrer nofollow" title="hedge" href="https://thebittimes.com/tag/hedge.html">hedge</a> fund <a rel="noopener noreferrer nofollow" title="manager" href="https://thebittimes.com/tag/manager.html">manager</a> is constructive on Bitcoin primarily because he sees a recession ahead. The Founder of Tudor Investment also expects the Israel-Palestine war to make <a rel="noopener noreferrer nofollow" title="Stocks" href="https://thebittimes.com/tag/stocks.html">Stocks</a> less attractive.</p>
 <p>Ongoing conflict in the Middle East has already claimed close to 2,000 lives. According to Paul Tudor Jones:</p>
 <blockquote>
  <p>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.</p>
 </blockquote>
 <p>Bitcoin has a history of performing well in the midst of political uncertainty – be it related to the Ukraine war or the recent elections in Turkey.</p>
 <h2 id="why-else-is-the-billionaire-constructive-on-bitcoin">Why else is the billionaire constructive on Bitcoin?</h2>
 <p>On CNBC’s “Squawk Box”, Paul Tudor Jones said the inverted yield curve was a signal of a recession ahead that he believes will materialise in the first quarter of 2024.</p>
 <p>The billionaire <a rel="noopener noreferrer nofollow" title="hedge" href="https://thebittimes.com/tag/hedge.html">hedge</a> fund <a rel="noopener noreferrer nofollow" title="manager" href="https://thebittimes.com/tag/manager.html">manager</a> first invested in Bitcoin at the start of the pandemic and holds some of it to date.</p>
 <p>He’s bullish on the cryptocurrency also because of a decline in the U.S. fiscal position. At 122%, the debt-to-GDP in the United States is currently at its worse since the World War II.</p>
 <p>Last month, U.S. lawmakers urged the Securities &amp; Exchange Commission to “immediately” approve applications for a Spot Bitcoin ETF. Plus, total supply of the cryptocurrency is scheduled to halve in April of 2024. Both these events could translate to a rally in <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> as well.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/billionaire-hedge-fund-manager-paul-tudor-jones-picks-bitcoin-over-stocks-tbt65875.html">https://thebittimes.com/billionaire-hedge-fund-manager-paul-tudor-jones-picks-bitcoin-over-stocks-tbt65875.html</a></p>

Billionaire hedge fund manager Paul Tudor Jones picks Bitcoin over stocks

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