The billionaire hedge fund manager made statements that Bitcoin has a problem in the USA. The executive said that low inflation will also be a problem for the cryptocurrency.
“Low Inflation Will Be a Problem for Bitcoin”
Hedge fund manager Paul Tudor Jones said that Bitcoin (BTC) has become less attractive as it has become an unfriendly regulatory picture in the US and he expects lower inflation going forward.
On CNBC’s Squawk Box, Jones said:
“Bitcoin has a real problem because it has an anti-regulatory nature in the United States.”
Jones, who previously praised Bitcoin’s appeal as an inflationary hedge, said he believes inflation will continue to decline. He also added that this contributes to less bullish scenarios for crypto.
Following the events of the crypto industry in 2022, culminating in the collapse of FTX in November, US regulators have taken a rather tough stance against the crypto industry, as seen in the Securities and Exchange Commission (SEC) threat of legal action against public exchanges. took a stand.
