.ptj_official said that bitcoin (BTC) has a 'real problem' as U.S. regulators are pitted against it. By JamieCrawleyCD
Hedge fund manager Paul Tudor Jones said that bitcoin has become less attractive thanks to what's become an unfriendly regulatory picture in the U.S. and what he expects will be lower inflation going forward.
"Bitcoin has a real problem because in the United States, you have the entire regulatory apparatus against it," Jones said on CNBC's Squawk Box. Jones – who previously lauded bitcoin's appeal as an inflationary hedge – added that he believes inflation will continue to come down, adding to the less-bullish scenario for the crypto.
Following the events of 2022, coming to a head with the dramatic collapse of FTX in November, U.S. regulatory bodies have become rather more hawkish toward the crypto industry, exemplified by the Securities and Exchange Commission's
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