Tudor Investment hedge fund trader and founder Paul Tudor Jones holds 1-2% of his assets in bitcoin. This billionaire with an estimated fortune of $ 5.1 billion was announced on CNBC.
“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
“I think Bitcoin is a great speculation. I have a little over 1% of assets in BTC, maybe the right figure is closer to 2%, “ – the investor specified during the interview.
Tudor Jones called his approach to cryptocurrency “conservative.”
“When I think of bitcoin, I see it as one tiny part of a portfolio. He may be the best. The most profitable of all. I think it’s possible. But I’m very conservative and I’m going to keep a very small percentage of my assets in it, ” – said the legendary trader.
Last week, he made a resounding statement in a letter to investors. The founder of Tudor Investment suggested that customers include bitcoin futures in the portfolio, calling the cryptocurrency “the fastest horse.”
In a CNBC interview, he confirmed his opinion by adding:
“We are witnessing the birth of a store of value. And only time will tell whether this will succeed or not. ”
Recall, billionaire Mike Novogratz believes the crisis is “Bitcoin time.” According to him, “the rally is just beginning,” and investors have the opportunity to “not miss their chance.”
Subscribe to ForkLog news on Telegram: ForkLog Feed – the entire news feed, ForkLog – the most important news and polls.
–
Found a mistake in the text? Highlight it and press CTRL + ENTER
subscribe to news Forklog
– .
