Billionaire Paul Tudor Jones Now Prefers Bitcoin Over Gold

2021-10-21 17:22

Billionaire Hedge-fund Manager Paul Tudor Jones said Wednesday on CNBC’s Squawk Box that he now prefers Bitcoin over gold as a hedge against inflation.

Billionaire Hedge-fund Manager Paul Tudor Jones said Wednesday on CNBC’s Squawk Box that he now prefers Bitcoin over gold as a hedge against inflation.

The founder and chief investment officer of Tudor Investment Corporation, boasting nearly $40 billion in assets under management, Jones expanded on his thoughts about Bitcoin: “Listen, I said then, I said now, I’ve got crypto in single digits in my portfolio. I have a small trading position at our fund. I do think we’re moving into an increasingly digitized world.”

He stated, “Bitcoin will be a great hedge.” As a long-term store of wealth tool, Jones compared Bitcoin to a traditional but lagging hedge against inflation, gold.

At the time of writing, Bitcoin appreciated is up 8.3 billion percent since it was first priced in dollars.

5 October 2009: 1BTC = $0.00076392

20 October 2021: 1BTC = $63,906.80

Making it perhaps the most appreciating asset in human history in US dollar terms.

“Clearly it’s winning the race against gold at the moment, right?” Jones continued. “So yes, I would think that would also be a very good inflation hedge. 

Bitcoin is not only winning the race against gold, it is winning the race against every asset for a decentralized, uncensorable, terminally scarce, peer-to-peer currency. Jones concluded by saying that Bitcoin is his preferred inflation hedge over gold at the moment, but it is not just this moment. Bitcoin will outperform everything.

The comments came as Bitcoin hovered within $500 from a new all-time high, and 99% of holders were in the green. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95696.39 (+0.86%)
Объем 24H $67.22b
Изменеия 24h: 0.60 %, 7d: 2.57 %
Cегодня L: $93967.9 - H: $96238.42
Капитализация $1895.179b Rank 1
Цена в час новости $ 65936.19 (45.13%)

bitcoin gold billionaire prefers paul tudor jones

Источник: bitcoinmagazine.com

bitcoin gold → Результатов: 126


Binance обязала клиентов вывести активы в Monero, Bitcoin Gold и нескольких других криптовалютах

Крупнейшая криптовалютная биржа мира Binance заявила, что клиенты смогут вывести криптовалюты Monero, Multichain, Bitcoin Gold и некоторые другие исключенные из листинга активы до 1 сентября 2024 года включительно.

2024-8-13 12:58


Фото:

Bitcoin market cap nears 10% of gold as institutional interest soars – Incrementum report

Quick Take A report compiled by wealth management firm Incrementum, shared by Tuur Demeester, a researcher at Adamant Research sheds light on the growing institutional interest in Bitcoin. The research, titled “The New Gold Playbook,” highlights the increasing resemblance of Bitcoin to gold, supported by various charts.

2024-5-23 18:50


Bitcoin Emerges As the King Of Assets,10X Growth Over Gold During US Banking Crisis

Despite the volatile price action of Bitcoin (BTC), the world’s largest cryptocurrency has outperformed every other asset, including gold. Although it is trading below its psychological milestone of $30,000 at $29,000, Bitcoin is expected to grow further in 2023, as it acts as a safe haven for investors amidst the US banking crisis.

2023-4-29 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Hedge Funds Plan Significant Investment in Crypto

Within the next five years, hedge funds plan to significantly increase their exposure to cryptocurrencies, according to a recent survey. The post Hedge Funds Plan Significant Investment in Crypto appeared first on BeInCrypto.

Billionaire Paul Tudor Jones Likes BTC as Portfolio Diversifier

American billionaire and hedge fund manager Paul Tudor Jones has admitted that Bitcoin is a portfolio diversifier, with the businessman saying he would put 5% of his capital into BTC. The post Billionaire Paul Tudor Jones Likes BTC as Portfolio Diversifier appeared first on BeInCrypto.