The cryptocurrency market is facing increasing scrutiny from regulators around the world.
Billionaire Investor Paul Tudor Jones is Sticking with Bitcoin
The cryptocurrency market is facing increasing scrutiny from regulators around the world. However, some prominent investors are still bullish on Bitcoin and maintain their allocation in the digital asset. One of them is Paul Tudor Jones, a billionaire hedge fund manager who recently revealed his up-to-date views on Bitcoin in an interview with CNBC.
Jones said that he likes Bitcoin as a portfolio diversifier and a way to hedge against inflation. He compared Bitcoin to gold and said that both assets have a lot of similarities. On the other hand, Jones noted that bitcoin and gold have both been bid up recently due to increased levels of inflation, and it’s unclear if that’s going to continue in the future. That said, Jones admitted that he’s always going to stick with bitcoin because it’s the only asset in the world whose supply cannot be increased by humans.
