Renowned hedge fund manager Paul Tudor Jones has confirmed his long-term interest in gold and Bitcoin amid global financial instability.

Investment Strategy

Paul Tudor Jones, founder of Tudor Investment Corporation with $12 billion in assets, expressed his confidence in gold, Bitcoin, commodities, and NASDAQ stocks. He believes these assets are undervalued and can act as a hedge against inflation.

Impact on the Crypto Market

Despite the positive comments from Jones sparking optimism in the crypto community, he has been known as a Bitcoin supporter for some time. In a letter to clients, Jones compared investing in BTC to buying gold in the 1970s, suggesting inflation is likely to rise due to the Federal Reserve's actions.

Bitcoin Price

The current fluctuations in Bitcoin's price continue to puzzle market participants. The current resistance at $68,000 serves as a significant test for Bitcoin bulls, while moving averages on the daily chart are hinting at a possible 'golden cross'.

Paul Tudor Jones' long-term investments in Bitcoin and gold underline their importance as assets for hedging against inflation in today's economic environment.