Billionaire Paul Tudor Jones says he believes this year’s major market rally will continue into year-end.
In a new interview with CNBC, the hedge fund manager likens the AI boom it to 1999’s tech bubble.
“It’s like the Prince song. It’s 1999. Party like it’s 1999, right?”
Despite the comparison Jones says aggressive fiscal and monetary policies will likely continue to be uniquely explosive drivers this time around, especially for scarce assets like Bitcoin and gold.
“That fiscal monetary combination is a brew that we haven’t seen since… the post-war period… I’d want to have a combination of gold, crypto, probably the Nasdaq.”
Although Jones remains cautious on massive sovereign debt bubbles and AI’s dual impacts, he also sees year-end rallies in AI-related assets.
If the current setup were to echo late 1999 – that’s a trajectory that saw the Nasdaq double from October to March of 2000.
If something like that repeats, Jones warns traders to be ready for quick exits amid a possible “really bad end.”
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
