Billionaire hedge fund manager Paul Tudor Jones warns of potential new lows for U.S. equity markets, despite a possible 50% cut in China tariffs by President Trump.
Jones highlights the negative impact of persistent tariffs on Chinese imports and a reluctant Federal Reserve on market weakness, suggesting future downturns.
In a risk-off environment, if equity markets plunge as predicted, capital might flow to alternative assets like Bitcoin, gold, and cash, benefitting Bitcoin as a hedge.
Even though Bitcoin initially correlated with equities during the crisis, its recovery and outperformance post-sell-off indicate its potential as a non-correlated asset for investors like Jones.