Paul Tudor Jones
Resolved (2)
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In a CNBC 'Squawk Box' interview, Jones said 'all the ingredients are in place for some kind of a blow-off,' likening conditions to October 1999, and recommended holding bitcoin, gold and the Nasdaq to ride a coming melt-up rally — while warning to keep 'happy feet' because 'there will be a bad end to it.' A near-term blow-off top / massive-rally timing call.
“My guess is that all the ingredients are in place for some kind of a blow-off.”
Called for a blow-off/melt-up rally from $124,720; BTC only marginally exceeded it ($126,296) then crashed to $58,161 — no melt-up materialized.
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Asked how to position, Jones said 'I'm long gold, long bitcoin' and recommended owning a basket of bitcoin, gold, commodities and Nasdaq because 'all roads lead to inflation' — a bullish directional stance on BTC.
“I'm long gold, long bitcoin.”
Long-BTC stance from $67,380 (Oct 2024); BTC subsequently rallied to a new ATH of $126,296.