The turmoil in the cryptocurrency markets led by Bitcoin and the ensuing recession are mostly associated with news from companies such as Tesla and MicroStrategy. Although the attitude of these companies, which have serious effects on the masses and large investors, towards Bitcoin and other cryptocurrencies, triggers criticism of decentralization, it is of great importance in terms of reading the sudden changes in the markets.
Black Monday, which took place on the Wall Street Stock Exchange in 1987 and shook the world, destroyed many big investors and companies who thought they were not taking wrong steps at that time. However, as in every crisis, there were also those who turned the events into opportunities. Paul Tudor Jones was one of these names. Foreseeing the crisis and taking steps accordingly, Jones managed to generate $100 million in revenue. He is an investor with a personal fortune of $7 billion today. He also provides consultancy services to the sector with his company.
“I love Bitcoin” Tudor Will Dedicate 5% of His Wealth to Bitcoin:
In an interview with CNBC, Jones, who criticized the US Federal Reserve’s “unsafe” assessment of Bitcoin, expressed his thoughts on the inflation debate in the US. Then asked how he would evaluate his investments, Jones said, “The only thing I know for sure; I want to be in 5% gold, 5% Bitcoin, 5% cash, 5% commodities right now. ” said.
This statement of Jones may be about the domestic economy of the USA, which also affects the global markets. However, among the investment tools he mentioned, Bitcoin is the most reflexive tool on a global scale. Apart from that, investors in the US react later and on a smaller scale compared to Bitcoin, as their gold, cash or commodity investments are dependent on central authorities. However, Bitcoin has a structure that is instantly affected by the explanations and preferences of large investors.
*This content does not constitute investment advice.
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