Billionaire Paul Tudor Jones: Bitcoin is the "best inflation hedge," and the US stock market is overvalued.

CoinFeed reported on April 29th, citing CoinDesk, that billionaire investor Paul Tudor Jones stated that Bitcoin, due to its fixed supply, is a stronger inflation hedge than gold. He warned that the US stock market is overvalued, with the S&P 500's current valuation implying negative returns over the next decade, and pointed out that the US stock market capitalization to GDP ratio is approaching the extreme levels seen during the 2000 dot-com bubble. Jones believes that a sharp stock market correction could lead to zero capital gains tax revenue, thereby exacerbating the budget deficit and impacting the bond market.