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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Geopolitical Warning From Billionaire Name: He Pointed To Bitcoin And Gold.
Investment fund mogul Paul Tudor Jones pointed to Bitcoin (BTC) and gold, citing today's geopolitical risks and the growing U.S. debt.
According to the news detailed by the Coin Bulletin;
Appearing on CNBC's Squawk Box, Jones also touched on the Israeli-Hamas war, saying, "This may be the most frightening geopolitical atmosphere I've ever seen."
"As interest costs rise in the U.S., you find yourself in a dangerous cycle: funding costs go up because of higher interest rates, debt issuances go up, which leads to more bonds being liquidated, those higher interest rates, and all of this puts us in a financially intolerable situation."
Jones added that he "doesn't like stocks" at the moment, but he "likes Bitcoin and gold."
Jones first shared his bullish views on Bitcoin in May 2020, saying that he had invested 1%-2% of his assets in the cryptocurrency market.
He announced that he plans to increase this rate to 5% after a year's break.
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