Veteran Investor Paul Tudor Jones Buys Bitcoin, Compares It To Role Played By Gold In 70s

Veteran Wall Street Investor Paul Tudor Jones is purchasing Bitcoin. He allegedly assumes BTC to be a hedge against the inflation he perceives approaching from central bank money-printing. He even mentions that BTC reminds him of the role played by gold in the 1970s.

In a market outlook note, the founder and CEO of Tudor Investment Corp., Jones mentioned

“The best profit-maximizing strategy is to own the fastest horse. If I am forced to forecast, my bet is it will be Bitcoin.”

Jones mentioned that his Tudor BVI fund could hold a small single-digit percentage of its holdings in Bitcoin futures. Notably, Jones is one of the first big hedge fund managers to accept the increasing influence and acceptance of digital assets, especially Bitcoin.

Jones further mentioned that he pondered over several bets including Treasuries, commodities, gold, specific kinds of stocks, and currencies prior to identifying a mounting role for Bitcoin.
While commenting on Coronavirus and Bitcoin, he says,

“I am not a hard-money nor a crypto nut. The most compelling argument for owning Bitcoin is the coming digitization of currency everywhere, accelerated by Covid-19.”