Crypto News

Paul Tudor Jones keeps the money in bitcoins

Billionaire Paul Tudor Jones announced that he had allocated a portion of its investment portfolio to buy the first currency.

Founder and CEO of hedge Fund Tudor Investment Corporation, which manages 39 billion, said in an interview that his decision to invest in the cryptocurrency was due to his concerns about monetary inflation. Jones said he will invest “a tiny percentage” of their funds in BTC:

When I think of bitcoin I think of him as part of his purse. It can be the best asset of all.

Jones argues that state-backed currency over time, almost always lose their value. Many investors avoid long-term liquidity, because the legislature continue to spend more than they generate revenue. Countries rely on Central banks to inject liquidity into the economy, which reduces the purchasing power of each dollar.

Bitcoin, on the other hand, is not subject to the vagaries of government spending, but is yet too young, says Jones. He also invested part of their portfolio in gold, popular tool of hedging inflation.

Recall that on 11 may, the Bitcoin network was held halving.Block 630 000 produced maineguy pool AntPool.

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