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Jones Crowns Bitcoin Superior Inflation Hedge Over Gold, BTC Rebounds +2% to $77.5K

Hedge fund legend Paul Tudor Jones repeatedly endorsed Bitcoin as the 'unequivocally best' inflation hedge over gold, citing its 21 million supply cap amid U.S. equities' 252% market-cap-to-GDP ratio signaling poor decade-long returns. Starting April 28 with initial warnings on overvalued stocks and equity correction risks eroding 10% of federal tax revenues, his comments escalated April 29 across podcasts and media, fueling a BTC rebound to $77,500 testing $79,500 resistance despite $90M ETF outflows and gold at $5,400/oz. Jones flagged cyber/quantum risks but reinforced institutional demand pre-FOMC.

Category

Bitcoin

Sentiment

Mixed

Event

Institutional outlook

Reading time

1 min