Paul Tudor Jones: Bitcoin's 'Real Problem' in the U.S.

Hedge fund manager Paul Tudor Jones believes that Bitcoin has become less attractive due to unfriendly US regulatory policies and lower expected inflation. Jones previously praised Bitcoin as an inflationary hedge but now suggests that cash is the place to be as long as the Fed can control inflation. US regulatory bodies have become more hawkish towards the crypto industry, exemplified by the SEC's threat of legal action against Coinbase. Jones' comments suggest his sentiment towards Bitcoin has cooled since 2020 when he considered allocating up to 5% of his assets to BTC.