Bitcoin wins the race against gold: Paul Tudor Jones

Bitcoin wins the race against gold: Paul Tudor Jones

Paul Tudor Jones-Milliardar CEO of Tudor Investment Corporation-has confirmed his support for Bitcoin. He said that he has cryptocurrencies in his portfolio and considers them to be superior as inflation protection against gold.

Jones remains a Bitcoin believer

The hedgefonds manager reveals his thoughts about the Squawk box of CNBC today. The interviewer referred to an earlier episode of May 2020, in which Jones showed new support for the primary cryptocurrency. In response to pandemic, he began to show hesitant interest in Bitcoin as inflation protection.

Since then the billionaire has claimed his position.

"Bitcoin would be a great inflation protection," he said.

In terms of commitment, Jones said Krypto is making a single -digit percentage of his portfolio. His fund also has a small trading position in the asset.

"I think we are moving into an increasingly digitized world. There is clearly a place for crypto, and it is currently clearly winning the race against gold, right?"

Jones explained that at that time he would prefer Bitcoin to, even as a cryptocurrency achieved all-time highs.

In addition, he gave some thoughts on the recent introduction of the proshares Bitcoin Futures ETF. He says he would rather just keep real Bitcoin than a derivative, which reflects the opinion of some other investors. However, he acknowledges that the approval of the SEC crypto lovers should bring great relief.

Paultudorjones Paul Tudor-Jones.

Bitcoin about gold, investors say

Jones is not the only billionaire who views Bitcoin as inflation protection. Orlando Bravo-co-founder of Thoma Bravo-recently praised the cryptocurrency for exactly this property. He said he was "very optimistic" in terms of BTC's price and has many blockchain-related investment plans for the future.

At the beginning of this year, Jordan Belfort (alias "The Wolf of Wall Street") predicted that Bitcoin could reach $ 100,000. Similarly, he says that Bitcoin's limited offer means that the owners should feel spoiled by it.

an analysis would also show that many would also hire other major investors. Just like Jones, the bank believes that institutions take money from gold to invest in Bitcoin.

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