{"id":554915,"date":"2023-10-11T07:13:17","date_gmt":"2023-10-11T07:13:17","guid":{"rendered":"https:\/\/wncen.com\/?p=554915"},"modified":"2023-10-11T07:13:17","modified_gmt":"2023-10-11T07:13:17","slug":"legendary-investor-now-time-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/legendary-investor-now-time-buy-bitcoin\/","title":{"rendered":"Legendary Investor Declares Now Is The Time To Buy Bitcoin: Here’s Why"},"content":{"rendered":"

In a recent interview with CNBC, billionaire hedge fund manager and legendary investor Paul Tudor Jones expounded on his bullish stance on Bitcoin amidst mounting global tensions and economic uncertainties.<\/p>\n

Jones, an influential figure in the investment world, highlighted<\/a> the current geopolitical environment as one of the most “threatening and challenging” he has ever witnessed and emphasized the importance of diversifying investment portfolios with assets like Bitcoin and gold.<\/p>\n

Jones told CNBC, \u201cI love gold and bitcoin together. I think they probably take on a larger percentage of your portfolio than they would [historically] because we\u2019re going to go through both a challenging political time here in the United States and we\u2019ve obviously got a geopolitical situation.\u201d<\/p>\n

Now Is The Time To Buy Bitcoin And Gold<\/h2>\n

Recent global events have exacerbated these sentiments. Over the weekend, the Israeli government launched<\/a> a military response against Hamas following an attack on Israel, escalating tensions in an already fragile Middle Eastern region. Additionally, Russia’s recent invasion of Ukraine and growing discord between China and the US have further rattled global markets and economies.<\/p>\n

Related Reading: Bitcoin Dominates 2023: Surges Past Stocks And Bonds With 63% YTD Growth<\/a><\/div>\n

In the same breath, Jones remarked on the US’s alarming fiscal position, stating it’s “probably in its weakest fiscal position since World War II.”<\/p>\n

Responding to concerns about the potential impact of high interest rates on Bitcoin, Jones delved deeper into the dynamics of gold and market trades preceding a recession. He stipulated, “I think on a relative basis what’s happened to gold, it has been clearly suppressed. But you know that more likely or not we are going into a recession.”<\/p>\n

Jones underscored a few hallmarks of recessionary trading environments, indicating, “There are some pretty clear recession trades. The easiest are: the yield curve gets very steep, home premium goes into the backend of the debt market and the 10-year, 30-year, 7-year paper, the stock market typically right before recession declines about 12%.” This decline, according to Jones, is not just plausible but likely to transpire at a certain juncture.<\/p>\n

Additionally, he emphasized the prospective bullish market for assets like Bitcoin and gold during economic downturns, stating, “And when you look at the big shorts in gold, more likely or not in a recession, the market is typically very long; assets like Bitcoin and gold.”<\/p>\n

Related Reading: Bitcoin And Crypto Poised To Skyrocket As Endgame Of US Policy Nears: Analyst<\/a><\/div>\n

Jones further prognosticated a substantial influx into the gold market, speculating, “So there’s probably $40 billion worth of buying coming in gold at some point before now and when that recession actually occurs.” Expressing his asset preference amidst the aforementioned conditions, Jones concisely noted, “So, I like Bitcoin and I like gold right now.”<\/p>\n

Jones’s endorsement of Bitcoin isn’t new as the investor had previously<\/a> championed the digital currency in several interviews, citing its potential as a hedge against inflation and lauding its immutable mathematical properties.<\/p>\n

He once remarked, “Bitcoin is math, and math has been around for thousands of years.” By mid-2021, Jones even increased his Bitcoin allocation from 1-2%, labeling it as a “bet on certainty amid uncertain economic conditions.”<\/p>\n

Jones\u2019s remarks came at a time when the cryptocurrency saw an approximate 63% increase year to date, making<\/a> it the best-performing asset in 2023.<\/p>\n

At press time, Bitcoin was trading at $27,116, down roughly 2% over the past 24 hours. Amidst the recent price drop, BTC initially found support at the 200-day EMA (blue line), which the bulls should hold at all costs to avoid further downward momentum.<\/p>\n

\"Bitcoin
Bitcoin bounces off the 200-day EMA, 1-day chart | Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In a recent interview with CNBC, billionaire hedge fund manager and legendary investor Paul Tudor Jones expounded on his bullish stance on Bitcoin amidst mounting global tensions and economic uncertainties. Jones, an influential figure in the investment world, highlighted the current geopolitical environment as one of the most “threatening and challenging” he has ever witnessed and emphasized the importance of diversifying investment portfolios with assets like Bitcoin and gold. Jones told CNBC, \u201cI love gold and bitcoin together. I think they probably take on a larger percentage of your portfolio than they would [historically] because we\u2019re going to go through both a challenging political time here in the United States and we\u2019ve obviously got a geopolitical situation.\u201d Now Is The Time To Buy Bitcoin And Gold Recent global events have exacerbated these sentiments. Over the weekend, the Israeli government launched a military response against Hamas following an attack on Israel, escalating tensions in an already fragile Middle Eastern region. Additionally, Russia’s recent invasion of Ukraine and growing discord between China and the US have further rattled global markets and economies. Related Reading: Bitcoin Dominates 2023: Surges Past Stocks And Bonds With 63% YTD Growth In the same breath, Jones remarked on the US’s alarming fiscal position, stating it’s “probably in its weakest fiscal position since World War II.” Responding to concerns about the potential impact of high interest rates on Bitcoin, Jones delved deeper into the dynamics of gold and market trades preceding a recession. He stipulated, “I think on a relative basis what’s happened to gold, it has been clearly suppressed. But you know that more likely or not we are going into a recession.” Jones underscored a few hallmarks of recessionary trading environments, indicating, “There are some pretty clear recession trades. The easiest are: the yield curve gets very steep, home premium goes into the backend of the debt market and the 10-year, 30-year, 7-year paper, the stock market typically right before recession declines about 12%.” This decline, according to Jones, is not just plausible but likely to transpire at a certain juncture. Additionally, he emphasized the prospective bullish market for assets like Bitcoin and gold during economic downturns, stating, “And when you look at the big shorts in gold, more likely or not in a recession, the market is typically very long; assets like Bitcoin and gold.” Related Reading: Bitcoin And Crypto Poised To Skyrocket As Endgame Of US Policy Nears: Analyst Jones further prognosticated a substantial influx into the gold market, speculating, “So there’s probably $40 billion worth of buying coming in gold at some point before now and when that recession actually occurs.” Expressing his asset preference amidst the aforementioned conditions, Jones concisely noted, “So, I like Bitcoin and I like gold right now.” Jones’s endorsement of Bitcoin isn’t new as the investor had previously championed the digital currency in several interviews, citing its potential as a hedge against inflation and lauding its immutable mathematical properties. He once remarked, “Bitcoin is math, and math has been around for thousands of years.” By mid-2021, Jones even increased his Bitcoin allocation from 1-2%, labeling it as a “bet on certainty amid uncertain economic conditions.” Jones\u2019s remarks came at a time when the cryptocurrency saw an approximate 63% increase year to date, making it the best-performing asset in 2023. At press time, Bitcoin was trading at $27,116, down roughly 2% over the past 24 hours. Amidst the recent price drop, BTC initially found support at the 200-day EMA (blue line), which the bulls should hold at all costs to avoid further downward momentum. Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":554918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1144,2209,83452],"class_list":["post-554915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-gold","tag-paul-tudor-jones"],"acf":[],"yoast_head":"\nLegendary Investor Declares Now Is The Time To Buy Bitcoin<\/title>\n<meta name=\"description\" content=\"Hedge fund manager Paul Tudor Jones expounded on his bullish stance on Bitcoin amidst mounting global tensions and economic uncertainties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. 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His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Legendary Investor Declares Now Is The Time To Buy Bitcoin: Here’s Why","url":"http:\/\/wncen.com\/news\/legendary-investor-now-time-buy-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/legendary-investor-now-time-buy-bitcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1-1.jpg?fit=2000%2C1333"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btcusd","gold","paul tudor jones"],"dateCreated":"2023-10-11T07:13:17Z","datePublished":"2023-10-11T07:13:17Z","dateModified":"2023-10-11T07:13:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Legendary Investor Declares Now Is The Time To Buy Bitcoin: Here’s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/legendary-investor-now-time-buy-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/legendary-investor-now-time-buy-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/1x-1-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/1x-1-1.jpg?fit=2000%2C1333\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"gold\",\"paul tudor jones\"],\"dateCreated\":\"2023-10-11T07:13:17Z\",\"datePublished\":\"2023-10-11T07:13:17Z\",\"dateModified\":\"2023-10-11T07:13:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/1x-1-1.jpg?fit=2000%2C1333","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554915"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=554915"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/554918"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=554915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=554915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=554915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}