• Paul Tudor Jones, a billionaire hedge fund manager and Bitcoin bull, believes that the days of buying Bitcoin as an inflation hedge may be over.
• This is due to the expectation that the Federal Reserve will stop their rate hikes soon, resulting in inflation no longer being such a problem.
• Despite this, Jones still recommends holding onto your Bitcoin as part of your portfolio.
Paul Tudor Jones’s Belief on BTC Inflation Hedge
The idea that bitcoin was always a hedge against inflation has been rather prominent amongst crypto fans for the past few years. Now, according to Paul Tudor Jones – a bitcoin bull and billionaire hedge fund manager – it sounds like this idea may have reached its peak and is coming to an end.
Inflation in US
Inflation has been striking the U.S. from all sides for well over a year. It hit a peak at more than nine percent in June last year. Thanks to weak leaders like Joe Biden, who has been in the habit of instilling poor economic policies and signing his name to a multitude of trillion-dollar spending bills, the country has been having to deal with rising food prices, gas prices, and just about everything else.
Fed’s Rate Hikes
This has ultimately led the Fed to raise interest rates as a means of fighting the ongoing inflation. However, this tactic hasn’t really done much except destroy crypto prices (remember 2022, anyone?) and prevent people from gaining access to the American dream.
Ending BTC’s Inflationary Hedge Days
„If inflation is truly done a bit,“ said Jones,“if that story’s been played then you have to wonder… We were buying gold and bitcoin for the inflation hedges. That game may be over.“
Despite this belief by Jones that BTC’s days as an inflation hedge are ending , he’s still very much for keeping the asset as part of your portfolio. p >