Paul Tudor Jones Says Crypto Is Winning Race Against Gold
Billionaire Paul Tudor Jones spoke about Bitcoin's role as an investment hedge during his Wednesday appearance on CBNC, claiming that it is currently winning the race against gold:
I do think that we are moving into an increasingly digitized world. Clearly, there's a place for crypto, and clearly, it's winning the race against gold.
Hence, the legendary hedge fund manager claims that crypto would be "a very good" inflation hedge.
Speaking of the launch of the very first Bitcoin futures exchange, Jones said that he preferred owning physical Bitcoin:
I think that a better way to get in would be to actually own physical Bitcoin.
Jones also opined that inflation is not transitory, adding that it is the biggest threat faced by society:
I think to me the number one issue facing Main Street investors is inflation, and it's pretty clear to me that inflation is not transitory.
The prominent American investor disclosed his Bitcoin position back in May 2020, which was widely seen as a watershed moment for the benchmark cryptocurrency.
Jones has that he still has crypto in single digits in his portfolio.Source