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Billionaire Paul Tudor Jones Bullish for Bitcoin Amid Rising Geopolitical TensionSummary
Paul Tudor Jones hasn’t been a Bitcoin critic but thought it was very much speculative.
Now he believes it deserves a closer look and a larger portfolio allocation.
He thinks a recession as well as a changing political climate call for more stable assets like Bitcoin and Gold.
Billionaire hedge fund investor Paul Tudor Jones has held the view that Bitcoin (BTC)is a speculative asset for some time. However, it appears he has recently changed his mind, indicating that he has allocated more to the largest cryptocurrency. Speaking to Andrew Sorkin on CNBC’s Squawk Box, he said, “I would lump gold and Bitcoin together.”
Paul T. Jones is worth $8,100,000,000 and pioneered the modern hedge fund industry.
He says, “I think #bitcointakes on a larger percentage of your portfolio. I like #bitcoin” pic.twitter.com/cn8Xtgg3kp
— Documenting ₿itcoin 📄 (@DocumentingBTC) October 10, 2023
History of Calling Bitcoin a ‘Great Speculation’
Unlike other billionaires, Tudor Jones has not refrained from investing in Bitcoin, but he considered it a highly speculative and risky asset. He revealed that in 2020, his portfolio consisted of at least 1% Bitcoin, “Maybe it’s almost 2,” hesaid.
Nevertheless, it appears he has always believed in the future of the asset, stating, “Every day that goes by that bitcoin survives, the trust in it will go up.”
Challenging Times Ahead
Now, due to a looming recession and geopolitical challanges, Tudor Jones believes Bitcoin makes more sense. He said, “More likely than not we’re going to go into recession.”
He also believes the United States has not seen economic turmoil on the current scale since the Second World War ended. Tudor Jones stated, “You’ve got the geopolitical uncertainty… the United States is probably in its weakest fiscal position since certainly World War II with debt-to-GDP at 122%.”
Further, he explained, as interest rates rise in the United States, it triggers a cycle where higher borrowing costs lead to increased debt issuance, which causes bond sell-offs, driving rates even higher. This vicious circle can put the U.S. in a financially unsustainable position.
With all this Tudor Jones believes it is difficult to invest in risk-on assets like stocks at present
JUST IN – Legendary investor Paul Tudor Jones: It's "hard to like stocks" right now.
"I like gold and #Bitcoin" pic.twitter.com/QT4iHLDfM5
— Bitcoin Magazine (@BitcoinMagazine) October 10, 2023
A Change of Mind, and Portfolio Allocation
Tudor Jones quickly proposed a solution for investors, mentioning his plans to acquire more gold and Bitcoin. He told Sorkin, “I would love gold and bitcoin together. I think they probably take on a larger percentage of your portfolio than they would historically.”
It is unknown what Tudor Jones’ allocation in Bitcoin is right now, but he revealed there was “probably a US $40 billion ($62 billion) worth of buying.”
Source: CoinMarketCap
At the time of writing Bitcoin is up 44.37% from this time last year, according to CoinMarketCap. One BTC trades currently for US $27,428.26 ($42,629.05).Bitcoin Is Good Hedge in Current Geopolitical Tensions, Says Paul Tudor JonesAmid the macro developments and geopolitical tensions, Bitcoin has continued to outperform the rest of the crypto market.
Despite the current selling pressure, billionaire investors continue to bet on Bitcoin (BTC) and see it as a potential hedge against the current geopolitical tensions. On Tuesday, October 10, billionaire hedge fund manager Paul Tudor Jones said that it’s extremely risky now to invest in risk assets, however, he has his hopes alive in Bitcoin.
Paul Tudor Jones and His Stance on Bitcoin
In an interview with CNBC, Tudor Jones said:
“It’s a really challenging time to want to be an equity investor and in US stocks right now. You’ve got the geopolitical uncertainty… the United States is probably in its weakest fiscal position since certainly World War II with debt-to-GDP at 122%.”
Speaking about Bitcoin, apart from the geopolitical tensions, Tudor Jones also pointed out the concerning macro developments. As interest rates rise in the United States, a troubling cycle ensues. Elevated interest rates lead to increased borrowing costs, which in turn result in higher debt issuance.
This surge in debt issuance prompts additional selling of bonds, subsequently driving rates even higher. This sequence of events places us in an unsustainable fiscal predicament, remarked Jones. “I can’t love stocks,” he said, “but I love bitcoin and gold”. He added that both assets should “probably take on a larger percentage of your portfolio than historically they would.”
The billionaire hedge fund manager has been bullish on Bitcoin over the last few years. Back in 2021, Jones said:
“Bitcoin is math, and math has been around for thousands of years”.
He has also expressed that the largest cryptocurrency by market capitalization was a means for him to invest in predictability. During an appearance on CNBC, he disclosed his heightened investment in Bitcoin, considering it a wager on predictability amidst uncertain economic circumstances.
Bitcoin Shows Strong Performance
Over the last week, the broader cryptocurrency has been under strong pressure with the Bitcoin price facing a rejection at $28,000. At press time, Bitcoin is trading 2% down at a price of $27,084 and a market cap of $528 billion.
But despite this, Bitcoin has outperformed in comparison to other top altcoins. As a result, Bitcoin’s share in the broader cryptocurrency market has shot past more than 50% as of now. In total, Bitcoin has surged by 66% this year, whereas Ether has experienced a 32% increase
Bitcoin is more likely to outperform amid the uncertain macro developments, in comparison to the broader markets. However, knowing the fact that it’s a risk asset, investors should still maintain caution.
nextBitcoin News, Cryptocurrency News, Ethereum News, News
Author Bhushan Akolkar
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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Through this partnership, Immutable will be able to grow its business further as AWS provides it with a large pipeline of potential gaming studio partnerships worldwide.
Immutable, a leading company in web3 gaming, has announced a strategic partnershipwith Amazon Web Services (AWS), a major cloud computing services provider, to achieve its goal of making Web3 gaming go mainstream. This cooperation is part of the company’s wider vision of making game development safer, easier, and more accessible using blockchain technology.
Benefits of the Immutable-Amazon Web Services Collaboration
Through this partnership, Immutable will be able to grow its business further as AWS provides it with a large pipeline of potential gaming studio partnerships worldwide. AWS account managers are encouraged to find gaming studio leads for Immutable. Also, the cloud computing service provider offers up to $100,000 in promotional cloud credits to gaming studios through AWS Activate, and this will allow Immutable to provide cloud service coverage, make deals with studios, and build more interesting games.
For game developers and studios, this collaboration unlocks the combined potential of Immutable’s Web3 gaming platform and AWS’s cloud infrastructure. Developers can build and run games that use blockchain verification and true digital asset ownership—key parts of a viable blockchain gaming model.
As part of the collaboration, Immutable has joined the Amazon ISV Accelerate Program, which helps software partners expand their businesses on AWS. Immutable gets access to expert resources and support to efficiently secure customers and close more deals.
John Kearney, head of startups at Amazon Web Services, Australia, and New Zealand, while commenting on the cooperation, said:
“Today, web3 gaming is one of the fastest growing sub-sectors of the blockchain industry and is already enjoyed by millions of gamers worldwide… AWS is supercharging Immutable’s development by onboarding new game studios and providing them with resources through our flagship AWS Activate startup program and AWS’s ISV Accelerate Program, which give them the tools to accelerate their global launch.”
Immutable’s Growth and Future Plans
Immutable’s growth has been substantial as demand for web3 gaming rises. By teaming up with industry leaders like AWS, it will be able to incorporate its solutions into existing game development processes. The company has used AWS services like Amazon EventBridge and AWS Lambda to build a flexible architecture that scales well. This has allowed it to handle more partnered games and improve reliability as its user base grows.
Immutable chose AWS for its security, performance, proximity to users, and ability to scale, and the partnership will significantly move the Web3 gaming ecosystem forward by empowering builders and gamers. Combining blockchain’s ownership features with AWS’s cloud infrastructure unlocks new possibilities.
Looking ahead, Immutable plans to continue investing in its AWS-powered infrastructure to support upcoming offerings. This includes Immutable zkEVM, which will enable Ethereumcompatibility and blockchain gaming without needing to learn a new programming language. With AWS’s backing, the company is positioned to help lead the future growth of web3 gaming.
nextBlockchain News, Cryptocurrency News, Gaming News, News, Technology News
Author Temitope Olatunji
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
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You have successfully joined our subscriber list.Paul Tudor Jones：地缘政治风险和美国债务水平等因素使比特币和黄金更具吸引力深潮 TechFlow 消息，亿万富翁、对冲基金巨头Paul Tudor Jones周二在CNBC的Squawk Box节目中表示，广泛的地缘政治风险和不断上升的美国政府债务水平等因素使得持有股票变得困难，但比特币和黄金是有吸引力的选择。他还提到美国的财政状况，称其为至少二战以来最疲软的。
Jones解释称：“随着美国利息成本上升，就会陷入这样的恶性循环：利率上升导致融资成本上升，债券发行量增加，进而进一步加剧债券清算，从而导致利率上升……美国的财政状况难以维持，我不喜欢股票，但我喜欢比特币和黄金。”
Jones在2020年5月首次表示看好比特币，当时他表示已将1%-2%的资产投入加密货币。一年后，他表示希望向比特币配置5%的资产；在2023年早些时候，Jones称不友好的监管形势和美联储决心抑制通货膨胀，可能会成为比特币的不利因素。Paul Tudor Jones concerned U.S. is in ‘untenable fiscal position’ as it faces greatest challenges since WWIIPaul Tudor Jones, the billionaire hedge fund manager and founder of Tudor Investment Corporation, has voiced significant concernsabout the current state of the stock market.
In an interview with CNBC’s Squawk Box, Jones drew attention to escalating geopolitical risks and a deteriorating US fiscal position:
“It’s a really challenging time to want to be an equity investor and in U.S. stocks right now. You’ve got the geopolitical uncertainty… the United States is probably in its weakest fiscal position since certainly World War II with debt-to-GDP at 122%.”
Best known for predicting the 1987 stock market crash and profiting from it, Jones said that the Israel-Hamas war has created a “challenging” geopolitical environment. This, in turn, could create a significant risk-off environment that has the potential to drastically change the market landscape in the U.S.
He noted that he would personally wait for a resolution of the ongoing conflict before jumping into risk assets again.
“From a personal standpoint, would I be investing in risk assets now and stocks until I saw what the resolution was with Israel, Iran?… Israel is going to respond in some way, shape or form. The determination of whether Iran was actually responsible is enormous because again, it has the possibility to really escalate into something terrible.”
Jones also noted that the rising interest rates in the U.S. have created a “vicious circle” where higher rates cause higher funding costs, which in turn causes higher debt issuance. This goes on to cause further bond liquidations, which causes higher rates, which then puts the U.S. in an “untenable fiscal position,” he said in the interview.
While not directly referencing cryptocurrencies, Jones’ stance hints at the potential shift of institutional investors toward diversified portfolios that might include digital assets.
The post Paul Tudor Jones concerned U.S. is in ‘untenable fiscal position’ as it faces greatest challenges since WWIIappeared first on CryptoSlate.耐克 2026 年股价暴跌约 40%，成为道指表现最差成分股Techub News 消息，耐克在 2026 年股价下跌约 40%，成为道琼斯工业平均指数中表现最差的股票。该股周五收于 38.40 美元，市值约为 569.7 亿美元，较 2021 年底约 2640 亿美元的峰值大幅缩水。
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（@laurashin）SEC 拒绝 Egan-Jones 重新进入政府债务评级市场申请Techub News 消息，美国证券交易委员会（SEC）于 8 月 12 日拒绝小型评级机构 Egan-Jones 重新注册为国家认可统计评级组织（NRSRO）的申请，该申请涉及资产支持证券及政府债务评级业务。SEC 指出其申请存在重大信息不准确及管理层资质问题。
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此次季度调整反映了人工智能相关企业在主要市场指数中影响力上升。被纳入标普 500 意味着追踪该指数的基金和 ETF 必须购买这两家公司股票，通常会在生效日前产生强制性买盘需求。Amina Bank 扩展 Canton Network 机构金融业务Techub News 消息，据 Cointelegraph 报道，瑞士银行 Amina 宣布扩展其在 Canton Network 的机构金融业务布局。该银行此前已成为欧盟区块链证券平台 21X 的首个受监管银行参与者，现进一步深入代币化金融基础设施领域。
Canton Network 定位为传统金融机构的区块链基础设施，专注于代币化资产与结算服务。近期 S&P Dow Jones Indices 将其美国国债指数基准引入该网络，BitGo 也扩展了相关交易与结算服务。该网络面临来自 R3 Corda 和 Hyperledger Fabric 等企业级区块链平台的竞争。美国田纳西州男子涉嫌从歌手 George Jones 遗孀处盗取 XRP、以太坊和 SHIBTechub News 消息，据 Decrypt 报道，乡村音乐歌手 George Jones 遗孀 Nancy Jones 指控田纳西州男子 Kirk West 盗取其价值 1700 万美元 XRP 以及以太坊和 SHIB 资产。Nancy Jones 声称 Kirk West 于 2013 年在她丈夫去世后的数月内「诱惑」了她，其手法与其涉嫌针对「富裕且可能脆弱的女性」的惯用手法一致。目前 Nancy Jones 已聘请区块链分析师 Paul Sibenik 协助恢复资产，但部分 XRP、ETH 和 SHIB 尚未找回。Kirk West 已被拘留，保释金为 100 万美元，刑事听证会定于 10 月 23 日进行。CNN 主持人 Van Jones 与前特朗普助手等人加入 Paradigm 政策委员会Techub News 消息，风险投资公司 Paradigm 扩展其政策委员会，新增成员包括 CNN 主持人 Van Jones、前国家安全顾问兼大使 Robert C. O'Brien，前特朗普政府官员 Johnny DeStefano 和 Alexander B. Gray，以及民主党顾问 Jen Brown 和 Kyle Layman。亿万富翁对冲基金经理 Paul Tudor Jones 增持约 360 万股贝莱德比特币现货 ETFTechub News 消息，据美国证券交易委员会（SEC）披露文件， 亿万富翁对冲基金经理 Paul Tudor Jones 将其基金在贝莱德比特币现货 ETF 中的持股增加了近一倍，从 4,428,230 股增至 8,048,552 股。 目前持有价值约 4.45 亿美元 IBIT。来源：blocktempo 作者：SAKE 编辑：Techub News-Junge 比特幣（BTC）第四次減半已經進入倒數 200 天以內，預計 2024 年 4 月 25 日發生，若從「比特幣/以太坊」交易對來看，可以明顯看出從六月以來就持續震盪走高，目前比例已創下 2022 年 7 月以來的新高，突顯 BTC 相對強勢。 隨著比特幣持續強勢，億萬富翁、對沖基金巨頭瓊斯（Paul Tudor Jones） 在周二 CNBC 的採訪中，分享了他對當前整體經濟形勢及對比特幣走勢的看好。 首先，瓊斯表示由於美國政府債務水平不斷上升和廣泛的地緣政治風險，將使得「持有股票」變得困難，而此背景下比特幣和黃金是有吸引力的選擇。 瓊斯認為當前美國的財政狀況，是第二次世界大戰以來最疲軟的，並且是他見過的地緣政治環境中最具威脅性的一次。他解釋： “隨着美國利息成本上升，就會陷入這樣的惡性循環：利率上升導致融資成本上升，債券發行量增加，進而進一步加劇債券清算，從而導致利率上升……美國的財政狀況難以維持，我不喜歡股票，但我喜歡比特幣和黃金。” 據了解，瓊斯在 2020 年 5月 首次表示看好比特幣，當時他表示已將 1%-2% 的資産投入加密貨幣。一年後，他表示希望向比特幣配置 5%的資産。
