‘It’s hard not to want to be a crypto debt’ – Prominent Bitcoin news

‘It’s hard not to want to be a crypto debt’ – Prominent Bitcoin news

Hedge fund billionaire Paul Tudor Jones expects cryptocurrencies to have a bright future as the Fed raises interest rates to fight inflation. The famous investor emphasized: “It’s hard not to want to be a crypto debt.”

Renowned hedge fund manager Paul Tudor Jones on Bitcoin, Crypto

Billionaire investor and well-known hedge fund manager Paul Tudor Jones spoke about bitcoin in an interview with CNBC on Tuesday. Jones is the founder of the asset management company Tudor Investment Corp.

“I see this generational division and it’s a digital divide,” the billionaire said. “If you look at the smartest and brightest minds coming out of college today, so many go into cryptocurrencies, so many go online 3.0,” he said, adding:

It is hard not to want to be a long crypto because of intellectual capital, just because of the sheer amount of intellectual capital that enters that space.

“Clearly, if you’re thinking about the ultimate cryptocurrency dream, it’s the borderless internet where you suddenly have blockchain as a verification code that allows anyone on the internet to connect immediately because blockchain checks who they are and then it opens up only huge possibilities,” he explained. Jones.

The founder of Tudor Investment is of the opinion: “It is clear that central banks and central governments will not necessarily be big fans of this, especially when it comes to using cryptocurrencies as a means of exchange.” He warned:

This is the number one thing that hinders this – the fact that you will not get a sale from the government because they lose the ability to control the creation and supply of money.

However, Jones noted that “in a world where we are beginning to de-globalize”, the possibility of having an internet without borders and a storehouse of values ​​outside fiat currencies “is becoming very attractive”.

He then shared: “I have a modest allocation for cryptocurrencies. On top of that, I have a trading position, which goes from fully invested to zero, and I would say that I am currently modestly invested. ” As for his future prospects for cryptocurrencies, he said:

I think it will have a bright future as we go through these interest rate increases at some point, a lot depends on what our central bank is doing. Much depends on how serious we are in the fight against inflation.

Jones was among the first traditional hedge fund managers to recommend bitcoin in the portfolio. In October last year, he said yes preferred crypto over gold as protection against inflation. He before compared BTC to invest in early stocks of technology such as Apple and Google.

What do you think of Paul Tudor Jones ’comments? Let us know in the comments section below.

‘It’s hard not to want to be a crypto debt’ – Prominent Bitcoin news

Kevin Helms

A student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in the security of Bitcoin, open source systems, network effects and the crossroads between economics and cryptography.

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