Paul Tudor Jones said that he believes the U.S. economy is either in or on the cusp of a recession.
Jones Thinks Recession Is Looming
Despite a months-long bear market that’s dragged Bitcoin and Ethereum 70% down from their highs, Paul Tudor Jones has made it clear that he thinks the top two crypto assets could soar in a post-recession world.
The billionaire hedge fund manager discussed crypto’s place in the current macroeconomic landscape in a Monday interview with CNBC’s Squawk Box, saying he thought the nascent asset class could see significant growth in the future.
Jones shared his thoughts on the current state of the global economy, noting that he believed the U.S. was headed for a recession if it wasn’t already in one. “I would think we’re probably getting ready to go through the recession playbook,” he said, 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.”...
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