One of the Most Successful Investors, Paul Tudor Jones, Buys Bitcoin as a Hedge Against Inflation
May 8, 2020 by CS Team
Renowned investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation that he foresees, due to central bank money-printing: “The best profit-maximizing strategy is to own the fastest horse,” Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation.’
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Renowned investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation that he foresees, due to central bank money-printing:
“The best profit-maximizing strategy is to own the fastest horse,” Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation.’ “If I am forced to forecast, my bet is it will be Bitcoin.”
Mr. Jones also said Bitcoin reminds him of the role gold played in the 1970s and that BTC is a good store of value due to “purchasing power, trustworthiness, liquidity and portability.”
Source: Finance.Yahoo.com
[…] of the most successful investors, Mr. Paul Tudor Jones, recently stated that his investment fund is buying Bitcoin as a hedge against […]