World’s Biggest Investor Paul Tudor Jones Warns Against Buying Bitcoin Now
Crypto News: American billionaire and noted hedge fund manager, Paul Tudor Jones, recently stated that Bitcoin (BTC) is slowly becoming less appealing owing to the growing unfriendly regulatory landscape in the United States. Furthermore, he also mentions how the prospect of considerably lower inflation and its related CPI number could act as potential threats to Bitcoin’s price in the near future.
“Bitcoin Has A Real Problem” Claims Jones
In a televised interview, the 68-year-old investor shared his thoughts on Bitcoin (BTC) as well as the current economical scenario of the United States. Jones expressed his downbeat perspective that both Bitcoin and Gold have become less bullish as the “inflation hedge” narrative is progressively becoming irrelevant due to the numbers falling down in line.
Read More: Here’s Why Memorial Day Could Mark Change In Bitcoin Trader Sentiment
Moreover, the United States supposed anti-crypto stance has also stood out as a sore thumb for the Wall Street veteran. After the dramatic fall of FTX in November of 2022, U.S. regulatory bodies have proactively increased their skepticism and scrutiny over the crypto industry. This was epitomized by the SEC’s threat of legal action against Coinbase, a prominent crypto exchange that recently got listed on the New York Stock Exchange.
While speaking about the country’s rampant crackdowns on crypto businesses, Jones was quoted as saying:
Bitcoin has a real problem because in the United States, you have the entire regulatory apparatus against it.
Jones Still Bullish On Bitcoin
Even though Jones seemed to have a rather pessimistic view of Bitcoin, he emphasized his unyielding commitment to the flagship cryptocurrency — confirming that he keeps “a small diversification” in his investment portfolio which he will continue to hold on to because of its distinctive set of features.
According to Jones, the fact that Bitcoin has a finite supply and no more Bitcoins can later be created, is the defining feature which convinced him to hold on to it for such a long time. “It’s the only thing that humans can’t adjust the supply in, so I’m sticking with it”, he concluded.
As things currently stand, the price of Bitcoin is exchanging hands at $27,010 which represents a drop of 1% over the past 24 hours.
Also Read: Justin Sun Accuses Huobi Founder’s Brother For Selling HT Tokens
- Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH
- Bitcoin, Ethereum Drag Broader Crypto Market Lower Ahead of FED Powell Speech
- Breaking: Ripple Partners With Bahrain’s Fintech Bay in Push for RLUSD Adoption
- XRP News: Why Whales Sold 440M Coins in a Month Despite ETF Launch Buzz
- Just In: DeFi Dev Corp Launches Japan’s First Solana Treasury Company, SOL Price Reacts
- Solana Price Prediction as SOL DAT Company Plans 5% Supply Acquisition—Analyst Targets $1,300 Breakout
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
