In a Tuesday interview on the "Invest Like the Best" podcast, legendary macro investor Paul Tudor Jones made a strong statement in favor of Bitcoin, calling it the strongest inflation hedge available today, and ranking it explicitly above gold. His reasoning was straightforward: gold's supply grows every year, while Bitcoin's does not. During periods of aggressive monetary and fiscal stimulus, he said, Bitcoin is the standout inflation trade, citing the 2020 surge as the clearest historical example. "Bitcoin is unequivocally the best inflation hedge that there is - more than gold," he stated.
His comments on equities were more cautious. Jones said that current S&P 500 valuations remind him of the 2000 dot-com bubble, noting that the stock market cap relative to GDP is near historic extremes. He warned it will be "really hard to make money" in stocks over the next decade, and added that a major market correction would worsen the federal deficit by collapsing capital-gains tax revenues and destabilizing the bond market.
Meanwhile, crypto markets showed a modest rebound. Bitcoin (BTC) rose 2% to $77,500, Ethereum (ETH) gained 3% to $2,330, and Solana (SOL) increased 2% to $85. Meme coins led the top movers, with Dogecoin (DOGE) surging 12%, PEPE gaining 8%, and FIL adding 7%. Oil prices rose 4% to $103, while gold dipped 1% to $4,570.
In other major news, Robinhood's HOOD stock fell 10% premarket after the company reported Q1 2026 results that missed estimates. Total revenue came in at $1.07 billion against a $1.14 billion consensus, with crypto transaction revenue dropping 34% quarter-over-quarter to $134 million. Pump.fun executed a major token restructuring, burning approximately $370 million worth of $PUMP tokens, roughly 36% of its circulating supply. The platform also announced a new programmatic buy-and-burn mechanism that will use 50% of revenue for the next year.
On the regulatory front, Polymarket is in active discussions with the CFTC to lift the ban on U.S. traders from its main international exchange. CFTC Chairman Mike Selig also revealed that the agency is building AI tools to review crypto registration applications and monitor trading markets. Additionally, the Bitcoin ETFs saw $90 million in net outflows on Tuesday, while the Ethereum ETFs saw $22 million in outflows.
