The famous Wall Street investor, Paul Tudor Jones, is once again praising Bitcoin as one of the best operations to beat inflation.
Wall Street investor and billionaire Paul Tudor Jones said he likes Bitcoin Bank software „even more than I did at the time,“ referring to his initial investment announced in May 2020.
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Jones praised Bitcoin on CNBC’s morning show Squawk Box, revealing that it holds a „small one-digit investment“ in assets.
His investment thesis remains unchanged – Bitcoin is an excellent protection against inflation, and its importance should increase in the coming years due to central bank interventions.
Unprecedented amounts of money issuance and balance sheet expansion – in addition to a more aggressive commitment to inflation by the Fed – have resulted in higher inflation expectations.
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Bitcoin, according to Jones, is one of the best „deals against inflation“ when compared to traditional options such as gold, inflation-protected Treasury bonds, copper and other more complex strategies.
„Bitcoin has a huge contingent of very, very intelligent and sophisticated people who believe in it,“ added Jones. „It’s like investing with Steve Jobs and Apple or investing in Google from the beginning.
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Paul Tudor Jones is an industry veteran, earning fame for the first time for correctly predicting the 1987 stock market crash, known as Black Monday. After his previous statements, the Bitcoin community vibrated with enthusiasm due to investor support. Some predicted that Jones would soon become the largest holder of Bitcoins.
Some see Jones‘ support as a potential stimulus for more institutional investors to enter the market, arguing that large institutions can feel more confident in investing in the asset class after known names have taken the first step.