The American billionaire Paul Tudor Jones III
The American billionaire Paul Tudor Jones III
The legendary hedge fund manager Paul Tudor Jones III said he would always keep a "little" commitment in Bitcoin, since it is "the only one whose offer man cannot adapt".
The American billionaire also indicated that the US Federal Reserve would hire its aggressive interest rate policy. Many experts previously thought that such a step of the entire cryptocurrency industry could benefit and could have a positive effect on the BTC price.
BTC investor for life
The prominent altinvestor Paul Tudor Jones, who started the Bitcoin ecosystem in 2017, seems to remain tied to the primary cryptocurrency for the rest of his life. In a current Interview He promised to always be in focus, and praised the fixed stock of 21 million coins:
"From the beginning I have always said that I would like to have a small allocation for it because it is a great conclusion. It is the only thing that I cannot regulate. So I will always stay with it; I will always stay with me.
For some Hodler who have been working in this area for long enough to observe BTC trading at almost $ 70,000, the current assessment could be a good purchase opportunity. This is the case with Jones, who said he would "probably" buy more of it. In addition, the billionaire dealt with the inflation environment in the USA and the Fed's efforts to solve the problem. According to him, the central bank's interest rate increases at the beginning of May (which brought the key interest rate to 5 % to 5.25 %) the last. Higher interest rates lead to higher credit costs, which logically leads to lower consumer expenses and makes risky investments (e.g. dealing with cryptocurrencies) less attractive. Numerous experts argue that the opposite scenario could trigger a bull market for digital assets. An example is Anthony Scaramucci-the founder of Skybridge Capital and former official of the White House-the Data presserver spaces = "True">: "I believe that the FED explains its victory with an inflation of 4 to 5 %. If I am right, there will be a revival of the market. There will be a large coverage of empty sales in cryptocurrencies and there will be a rebirth of risk investments."
The 68-year-old billionaire initially bought Bitcoin for around $ 10,000 and later doubled his money for $ 20,000. his more remarkable interaction with the asset began in the spring of 2020 (shortly after the Covid 19 pandemic had grasped the financial world) when he bought BTC as protection against inflation. At that time, the American predicted that inflation would increase sharply in a short time due to the mass pressure of Fiat currencies by the central banks. "The best strategy for maximizing profits is to have the faster horse. If I am forced to make forecasts, I bet that it will be bitcoin," he explained. His prediction was true: Inflation reached record values in many parts of the world. On the other hand, BTC scored almost $ 70,000 at the end of 2021 before it crashed in 2022. Nevertheless, the asset started the current year well and brought in part of his lost ground. The support of Paul Tudor Jones for BTC has increased so much in the following years that at some point he was regarded data-preserver-spaces = "true"> Think: "I think we are moving into an increasingly digitized world. Obviously there is a place for crypto, and it is obvious that it will win against gold at the moment, right?"
. Paul Tudor Jones, Forbes
The crypto journey by Paul Tudor Jones