Paul Tudor Jones unwavering crypto support was put forward in a recent business interview where the legendary billionaire investor said he believes that the crypto market will go much higher post-recession.

Paul Tudor Jones said that scarce digital assets will have value in the future. He thinks Bitcoin and Ethereum could benefit from rising inflation and weak macroeconomic conditions due to their scarcity

Moreover, the non-political nature of cryptocurrencies would make the main cryptos attractive in a worst-case scenario of an apocalyptic WW3.

“the legendary billionaire investor said he believes that the crypto market will go much higher post-recession”

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Cryptocurrencies have been embraced by the two great superpowers.

Last month September 2022 The Russian central bank and finance ministry reportedly reached an agreement to legalize crypto for cross-border payments due to geopolitical change.

So a currency collapse, with people fleeing and migrating in mass to civil war, or global war the main cryptos could serve as a lifeboat.

It is not easy to find and move dollars in a war zone. During the 2013 EU sovereign debt crisis bank bail-ins, people in Greece were paying a premium for USDs on the black market. Precious metals are a high risk to the person carrying them when trying to move the asset across borders in a societal collapse or warzone. Moreover, metal detectors are at the border. make precious metals complicated to move across borders.

“So a currency collapse, with people fleeing and migrating in mass to civil war, or global war the main cryptos could serve as a lifeboat”

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Paul Tudor Jones unwavering crypto support is based on a central bank pivot

Paul Tudor Jones believes Bitcoin and Ethereum could benefit from rising inflation and weak macroeconomic conditions due to their scarcity. 

He argued that the US economy is either in or heading for a recession and that markets could rally if the Federal Reserve stops hiking interest rates to combat inflation.

Indeed, a raft of economic indicators is already flagging the economy is in distress. 

The US has posted a negative GDP growth rate for two consecutive quarters, which is the technical definition of a recession.

“I would think we’re probably getting ready to go through the recession playbook” – Paul Tudor Jones

Stanley Druckenmiller shared similar views to Paul Tudor Jones last month, pointing out that economic turmoil could highlight crypto’s value.

Despite the 2022 bear market that’s continued into Q3, which has sent Bitcoin and Ethereum 70% down from their highs, Paul Tudor Jones unwavering crypto support remains undented. He thinks the top two crypto assets could soar in a post-recession world. 

Concerning the US entering a recession, Paul Tudor Jones said, “I would think we’re probably getting ready to go through the recession playbook.” 

He also added that predicting that the 2020s would be defined by a “focus on debt dynamics,” fiscal deficits, and policy “that gives people confidence in the long run value of a currency,” he said.

See Paul Tudor Jones unwavering crypto support interview here.