Paul Tudor Jones Says Russia-Ukraine War Likely To End With 'Violent Death' Of Putin: Here's What It Mean

Billionaire hedge fund managerPaul Tudor Joneshas warned that the U.S. economy is likely headed for a recession, but he says the market could rally depending on how Russia's war in Ukraine plays out.

We have a dictator who's losing and typically that doesn't end well, Jones said Monday on CNBC's Squawk Box.

Typically, that's going to end with a violent death and the question is who is he going to take with that?

What To Know: Jones has suggested the war in Ukraine will end withthe death of Russian PresidentVladimir Putin. He told CNBC that whatPutin chooses to do before the war comes to a closecouldhave significant consequences onbroadermarkets.

Jones said, Is it gonnabe the regional focus between Russia and Ukraine or does it expand beyond that?

Near the end of September,Putinwarnedthat he isn'tbluffing when it comesto using nuclear weapons to defend Russia.

When the territorial integrity of our country is threatened, to protect Russia and our people, we will certainly use all the means at our disposal,Putinsaid beforeaccusingthe West of engaging in nuclear blackmail.

Why It Matters: The potential for nuclear war is an ongoing threat to the markets, Jones said.

The two outcomes have such two dramatically different impacts on the markets. If all of a sudden he was gone tomorrow ... you'd have this massive rally in risk and yet if what Ithink is probably more probable he escalates the kinetic side of his response, then you have just the opposite, the Armageddon scenario, Jones said.