- Bitcoin breaks $125 K as Paul Tudor Jones calls it “very appealing” on CNBC
- Wall Street funds report $3.9 B in Bitcoin gains as institutional exposure widens
- Jones compares Bitcoin to gold and tech stocks, calling it a scarce hedge for today’s market
Bitcoin extended its record-setting run this week, reaching a new ATH of $126,198.07, on October 7th. This has now made billionaire hedge-fund manager Paul Tudor Jones describe Bitcoin as “very appealing” in this latest macro environment.
His comments are the clearest sign yet that Wall Street’s big names are once again warming to digital assets as inflation and policy easing reshape risk appetite.
Jones: Fiscal Policy Is Fueling Bitcoin’s Appeal
Speaking on CNBC, Jones said Bitcoin’s setup reminds him of 1999’s tech rally, but with stronger fundamentals. He pointed to the 6% U.S. budget deficit and the Federal Reserve’s renewed easing cycle as the backdrop favoring scarce assets.
Over the last week, Bitcoin saw a 13% increase in value, climbing from $109,000 at the end of September to its current price of $124,500 as of the time of writing.
The veteran trader first disclosed a Bitcoin position in 2020 when the asset traded near $9,000. His renewed endorsement now, with prices 14 times higher, underscores how far the asset has come in mainstream portfolio thinking.
Related: Bitcoin and Gold Rise Together as Liquidity Keeps Markets Wired
Bitcoin Price Action Confirms Renewed Institutional Interest
Market data from CoinMarketCap show daily volumes above $48 billion, signaling deep participation from both retail and institutional desks.
Related: Bitcoin to $250K? Hoskinson Highlights Regulation and Corporate Treasuries as Catalysts
Traders say inflows are tracking spot ETF accumulation and renewed corporate-treasury exposure, echoing 2021’s breakout cycle.
Bitcoin vs Gold: Scarcity Meets Velocity
Jones contrasted Bitcoin’s trajectory with gold’s slower grind higher. While gold still holds value as a hedge, he noted it has lagged inflation-adjusted returns, whereas Bitcoin’s fixed 21 million-coin supply introduces a sharper scarcity premium.
He also pointed out that Bitcoin’s unique features, such as its fixed supply and decentralized nature, give it an edge over traditional safe-haven assets like gold.
Bitcoin’s rise has coincided with a broader shift in investor sentiment toward alternative assets. Both retail and institutional players are increasingly viewing Bitcoin not just as a speculative investment, but as a fundamental component of a diversified portfolio. As Jones suggested, a mix of Bitcoin, gold, and tech equities like the Nasdaq could be ideal for investors looking to deal with a market filled with fiscal and monetary challenges.
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