Paul Tudor Jones said the U.S. economy is either in or on the cusp of a recession. The billionaire hedge fund manager said that Bitcoin and Ethereum could benefit from rising inflation and weak macroeconomic conditions due to their scarcity. Jones also said that a pivot in the Fed’s hawkish stance could lead to a surge in global markets. Jones revealed that he still holds an allocation in Bitcoin, having repeatedly endorsed the asset since touting it as a bet against inflation in 2020. Last month, Stanley Druckenmiller shared similar insights to Jones, hinting at a possible crypto “renaissance” if the public starts to lose trust in central banks. He also called for a “hard landing” and recession in 2023 . . .
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