The founder of the hedge fund Tudor Investment, who invested 1% of his assets in the first cryptocurrency last year, noted that he considers it a good means of protection against inflation
The founder of the hedge fund Tudor Investment and billionaire Paul Tudor Jones in an interview with CNBC said that bitcoin is gaining the upper hand in the race against gold. According to Jones, the world is moving towards a digital future in which there is a place for cryptocurrency. The billionaire noted that he now prefers bitcoin to gold, and also considers the first cryptocurrency a good means of hedging inflation.
On October 20, the bitcoin price updated the historical maximum, exceeding $ 67 thousand. Over the past day, the first cryptocurrency has risen in price by 8%.
Jones also commented on the start of trading of the first bitcoin ETF in the United States, based on futures of the Chicago Mercantile Exchange (CME Group). The billionaire noted that he believes the best way to enter the crypto market is to buy bitcoin and directly own the asset.
In May last year, Jones announced that he had invested 1% of his assets in bitcoin. According to Forbes estimates, at that time Jones’ fortune was about $5.1 billion, therefore, he invested about $50 million in bitcoin. Then the billionaire said that he believes in the first cryptocurrency and called it a new means of saving.
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