"Hopefully BTC will remain steady even if we face various obstacles later."
Following the increasingly unfriendly regulatory environment in the United States (US), billionaire and famous hedge fund manager Paul Tudor Jones thinks that Bitcoin (BTC) will become less attractive.
He also mentioned that the prospect of much lower inflation could be a threat to the price of BTC in the near future.
According to Jones during the interview, many investors may soon lose confidence in BTC and gold as its performance as an inflation hedge will gradually decline.
BTC is also likely to be affected by the US becoming increasingly aggressive towards the crypto market after FTX's drastic fall in November 2022, where several digital asset exchanges such as Coinbase have recently been sued by the SEC.
While talking about the growing US crackdown on the crypto market, Jones said that BTC is going to be in big trouble as regulators continue to fight against it.
Although Jones has a negative perspective on BTC, he is still not giving up on the digital asset as he has long held some BTC in his investment portfolio.
As of this writing, BTC price has plunged by 0.10% to $27,079 in the last 24 hours with a market cap of $524 billion and has recorded a decline of around 2.19% over the last week.
