Wall Street legends are optimistic about Bitcoin's superiority over gold, as market structures are accelerating towards digitization.

In the context of ongoing global macroeconomic turmoil and persistent inflationary pressures, legendary hedge fund manager Paul Tudor Jones has once again voiced his opinion, emphasizing that Bitcoin holds an advantage over gold in a "world of fiscal expansion." As one of the earliest heavyweight figures on Wall Street to publicly support encryption assets, Jones's perspective not only reflects the structural shifts in the Capital Market but also provides investors with an opportunity to reassess their asset allocation.

Paul Tudor Jones: The Legendary Manager Who Early Supported Bitcoin

Paul Tudor Jones is a legendary American hedge fund manager, philanthropist, and market prophet, acclaimed as one of the most insightful traders on Wall Street.

He founded Tudor Investment Corporation in 1980, focusing on global macro trading. He successfully predicted the market crash during the "Black Monday" stock market crash in 1987, gaining fame overnight.

Paul Tudor Jones is one of the earliest prominent figures on Wall Street to publicly support Bitcoin, having revealed his position in 2020 when central banks undertook unprecedented monetary stimulus measures. In recent years, Jones has repeatedly stated that Bitcoin is more attractive than gold in the current macroeconomic environment, especially against the backdrop of ongoing fiscal expansion and inflationary pressures.

Jones: Bitcoin has more advantages than gold

Jones recently stated on CNBC: "Gold has its role, but in a world of fiscal expansion, Bitcoin's fixed supply and decentralized nature give it an advantage."

He stated that his exposure to cryptocurrency in his investment portfolio remains at a "single-digit" level. He added that the global financial system is entering an increasingly digital world, and Bitcoin's fixed supply makes it an excellent hedge against rising prices.

He also sees that structural trends are shifting towards digitalization and alternative currency systems. He believes that Bitcoin is very attractive in the current macroeconomic environment and is confident that its performance will outperform all other asset classes.

Gold is a long-standing hedging asset, and while it has its role, in a world of monetary stimulus and fiscal expansion, Bitcoin's fixed supply and decentralized nature give it an advantage.

Jones added that the appeal of Bitcoin is not only speculative but is increasingly important as a means of portfolio diversification and an inflation hedge.

Peter Schiff: The strength of gold indicates an impending recession

In addition, Jones also expects that the stock market has room to run before reaching what he calls a "peak." This means he is bullish that the current prosperity of the stock market can last for a while.

However, gold bull Peter Schiff refuted Paul Tudor Jones' comparison of the current market to the internet era of 1999, arguing that the strong price of gold today signals that the impending recession will be more severe than the bursting of the internet bubble.

According to Paul Tudor Jones, today is like 1999. But when it comes to gold, it’s nothing like 1999, when gold was near the bottom of a twenty-year bear market. The gold market is telling us that the bust that’s coming will be much worse than the bursting of the dot-com bubble.

— Peter Schiff (@PeterSchiff) October 6, 2025

This article Wall Street legends are optimistic about Bitcoin outperforming gold, and the market structure is accelerating digitalization first appeared in Chain News ABMedia.