Wall Street veteran Paul Tudor Jones renews his Bitcoin call position amid rising institutional profits.
- Bitcoin surpasses $125,000: Paul Tudor Jones calls it “very attractive” on CNBC
- Wall Street funds report $3.9 billion surge in Bitcoin as institutional participation grows
- Jones compares Bitcoin to gold and tech stocks, calling it a scarce hedge for today's market.
Bitcoin continued its record-breaking run this week, reaching a new high of $126,198.07 on October 7. This led billionaire hedge fund manager Paul Tudor Jones to call Bitcoin “very attractive” in the current macroeconomic environment.
His comments are the clearest sign yet that Wall Street's big players are warming to digital assets again as inflation and policy easing change risk appetite.
Jones: Fiscal policy fuels Bitcoin's appeal
In an interview with CNBC, Jones said Bitcoin's performance is reminiscent of the 1999 tech rally, but with stronger fundamentals. He pointed to the 6% US budget deficit and the Federal Reserve's renewed monetary easing cycle as a favorable backdrop for scarce assets.
Bitcoin's price has risen 13% over the past week, rising from $109,000 at the end of September to its current price of $124,500 at the time of writing.
JUST IN: Paul Tudor Jones says Bitcoin is “one of the biggest winners” of this market 🚀
“Digital gold is very appealing.” pic.twitter.com/XneezFGkkA
— Bitcoin Archive (@BTC_Archive) October 6, 2025
The seasoned trader first opened a Bitcoin position in 2020, when the asset was trading around $9,000. His newfound support now, as prices have risen 14-fold, highlights how far the asset has advanced within the mainstream investment landscape.
Related: Bitcoin and gold rally together as liquidity supports market stability
Bitcoin price action confirms renewed institutional interest
CoinMarketCap market data shows daily volumes of over $48 billion, indicating widespread participation from both retail and institutional investors.
Related: Bitcoin to Rise to $250,000? Hoskinson Highlights Regulation and Corporate Treasuries as Catalysts
Traders say the inflows track accumulation in spot ETFs and renewed exposure to corporate Treasuries, reflecting the 2021 breakout cycle.
Bitcoin vs. Gold: Scarcity Meets Speed
Jones contrasted Bitcoin's growth trajectory with gold's slower rise. While gold still retains value as a hedge, he noted that its inflation-adjusted returns lag, while Bitcoin's fixed supply of 21 million coins creates a more significant scarcity premium.
He also noted that Bitcoin's unique features, such as its fixed supply and decentralized nature, give it an advantage over traditional safe-haven assets such as gold.
Bitcoin's rise coincided with a broader shift in investor sentiment toward alternative assets. Both retail and institutional investors are increasingly viewing Bitcoin not only as a speculative instrument but also as a fundamental component of a diversified portfolio. As Jones suggested, a combination of Bitcoin, gold, and tech stocks like the Nasdaq could be an ideal solution for investors seeking to navigate a market fraught with fiscal and monetary concerns.
Source: cryptonews.net
