Legendary investor and billionaire hedge fund manager Paul Tudor Jones talked about Bitcoin.
Jones appeared on CNBC’s Squawk Box on Monday. Talking about Bitcoin, the billionaire announced that he wants to invest 5% of his net worth ($7 billion) in Bitcoin. Jones used the following statements about Bitcoin:
“I love the idea of investing in something that is reliable, honest, secure and 100 percent certain. #Bitcoin is a way to invest with certainty. ”
Jones says he loves Bitcoin as a portfolio diversifier:
“I love bitcoin as a portfolio diversifier”
Paul Todur Jones started praising Bitcoin for the first time with the statement that it could become the new gold in 2020. Jones compared altcoins to copper. Now Jones has stated that he loves Bitcoin as it is something he can diversify his portfolio with. He believes 5% is enough for him:
https://twitter. com/JacobCanfield/status/1404417512628961280
“Inflation Will Not Be Temporary”
In an interview with CNBC today, he explained why the cryptocurrency market has reached a market cap of $2 trillion (Bitcoin is valued at $734,460,233,472) and why gold is still trading at $1,865 an ounce.
According to him, this is because of the Fed’s current policy of “questioning its credibility in conducting monetary policy and dealing with the financial crisis.” The Fed has declared that current inflation is temporary, but Paul Tudor Jones disagrees with the Fed.
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