Bitcoin Is Still The Primadona Even Though Geopolitical Conditions Are Healing

Bitcoin is still the prima donna among other crypto assets despite increasing geopolitical tensions. (Photo; Doc. Knowlaw)

JAKARTA - Bitcoin remains the prima donna in the crypto world despite the increasing selling pressure due to Israeli-Hamas tensions. Investor Paul Tudor Jones believes that Bitcoin (BTC) is the right choice amid geopolitical tensions today.

Furthermore, he stated that investing in risky assets is currently very risky, but he sees a bright future for Bitcoin.

In an interview with CNBC, Jones expressed geopolitical uncertainty and worrying macroeconomic development. He noted that the United States is facing a fragile fiscal situation with a high debt-to-GDP ratio.

Rising interest rates in the United States could trigger a higher increase in loan and debt costs, resulting in bond sales which in turn will increase interest rates again. This situation makes him choose Bitcoin as an investment that is more attractive than stocks.

Jones has long been a Bitcoin supporter. He sees it as a reliable asset, especially in uncertain economic situations. Even though Bitcoin has faced pressure, it is still superior to other cryptocurrencies. Because of that, even though the risk is always there, Bitcoin remains an attractive hedging choice amid global uncertainty.

Bitcoin's strong appearance during this year with an increase of about 66% proves its appeal as an attractive investment in the midst of uncertain economic situations. Even so, investors need to be careful with extreme Bitcoin volatility.