In a recent interview with CNBC, billionaire, hedge fund manager, and legendary investor, Paul Tudor Jones, explained his bullish view on Bitcoin amid global tensions and other concerns. Economic instability increases.

Jones, an influential figure in the investment world, emphasized that the current geopolitical situation is one of the most “threatening and challenging” environments he has ever witnessed, emphasizing the importance of diversifying your portfolio with assets like Bitcoin and gold.

Over the weekend, the Israeli government launched a military response against Hamas after an attack on Israel, escalating tensions in the Middle East region. Additionally, Russia's invasion of Ukraine and growing discord between China and the United States have shaken markets and the global economy.

At the same time, Jones commented on the alarming financial situation of the United States, saying that the country is “perhaps in its weakest financial position since World War II.”

He also highlighted a potential bull market for assets like Bitcoin and gold during an economic downturn.

Jones' endorsement of Bitcoin is not new as the investor has previously backed the digital currency in several interviews, citing its potential as a hedge against inflation and praising its its immutable mathematical properties.

He once commented: “Bitcoin is mathematics and mathematics has existed for thousands of years.” By mid-2021, Jones even increased his Bitcoin allocation by 1-2%, seeing it as “a bet on certainty amid uncertain economic conditions.”

Jones' comments come at a time when the cryptocurrency has seen gains of approximately 63% year-to-date, making it the best-performing asset of 2023.