TechFlow news, October 23 — According to The Block, Presto analysts have warned that the U.S. election could trigger a "Minsky moment" collapse in the bond market, as the "fiscal extravagance" policies of both presidential candidates, combined with rising debt levels, heighten this risk.
Noted investor Paul Tudor Jones, speaking to CNBC, said he is bullish on bitcoin, gold, and commodities amid the growing risk of "all roads lead to inflation." He emphasized that holding "zero fixed income" is his current investment strategy.
Analysts note that rising U.S. Treasury yields and sovereign credit default swap rates may support Jones' outlook. Bitcoin is currently trading at $66,368, down approximately 10% from its peak earlier this year, but still up 57% year-to-date.
