- Amid the rise in geopolitical conflicts, economic uncertainty, and persistently high inflation, hedge fund billionaire Paul Tudor Jones says that Bitcoin and gold are becoming more attractive as safe havens for wealth in troubling times.
Host Andrew Ross Sorkin questioned this premise, saying it was his understanding that high interest rates “were supposed to be the thing that was actually going to be unhelpful to Bitcoin.” Jones said there is “probably $40 billion worth of buying that has to come into gold at some point between now and if that recession actually occurs. So, yes, I like Bitcoin and I like gold right here.”
Host Becky Quick asked if this means it “doesn’t matter what the Federal Reserve says at this point” as “they’ve lost control. This is going to be the bond market talking and setting rates here,” she said.