PANews April 29 news, according to CoinDesk, billionaire investor Paul Tudor Jones stated that Bitcoin, due to its fixed supply, is a stronger inflation hedge than gold. He warned that the U.S. stock market is overvalued, and the current valuation of the S&P 500 implies a negative return over the next decade, pointing out that the market capitalization to GDP ratio of the U.S. stock market is nearing extreme levels seen during the 2000 internet bubble. Jones believes that a significant correction in the stock market could lead to capital gains tax revenue dropping to zero, exacerbating the budget deficit and impacting the bond market.

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