Hedge fund director Paul Tudor Jones said on CNBC that “Over 1%, maybe almost 2%” his funds are invested in Bitcoin-based futures (BTC).
Paul Tudor Jones confirms the rumor
– This seems right now – Said talking about the purchase of BTC, adding that he believes that Wall Street can be a witness to historical ‘birth [nowego] value store “ as kryptowaluty.
The hedge fund director had already written in a letter to his clients that he had allowed his hedge fund – Tudor BVI – to buy BTC-based futures for a certain percentage of its resources. It is true that 1 or 2 percent. this is not enough, but at the end of March his fund managed assets worth over USD 21 billion. Since he allocated 1 percent or about 2 percent from this money to buy bitcoin futures, it would mean an investment of around $ 210 million.
“Something’s wrong here”
In an interview with CNBC, Jones said he only kept it for now “Small percentage” their assets in BTC because cryptocurrency she had no way of proving her worth yet, as she had been with gold for millennia. He added, however, that BTC “May be the best” an investment in his portfolio, while noticing that fiat currencies will almost always depreciate.
In his letter last week, Jones explained that he believed BTC would benefit “Upcoming digitization of currencies, accelerated by COVID-19”, which he thinks “Will make the understanding, usability and ease of having Bitcoins a much more common option than it is today.”
He also added that he sees great potential for BTC also due to the still low capitalization of cryptocurrencies and their price.
“Something looks wrong here and I think it is the price Bitcoin“
– he said.
Current course You can always check Bitcoin and other cryptocurrencies in the tabs: course Bitcoin and cryptocurrency exchange rate on Bitcoin.pl. A place where you can buy Bitcoin and other kryptowaluty, include cryptocurrency exchange BitBay.net. If you don’t have a BitBay account yet, this article will show you how to create one efficiently: LINK.
“Well, # COVID19 happened. And the great monetary inflation happened, ”says Paul Tudor Jones on why he now believes in #bitcoin. He says he has just over 1% of his assets in #btc. “We’re watching the birthing of a store of value.” pic.twitter.com/Hm8hWyqX1U
– Squawk Box (@SquawkCNBC) May 11, 2020
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