‘It’s Hard Not to Want to Be Long Crypto’ – Featured Bitcoin News

Paul Tudor Jones is a multi-billionaire hedge fund manager who believes that crypto will be able to thrive as the Fed raises interest rates in an effort to curb inflation. The famed investor emphasized, “It’s hard not to want to be long crypto.”

Paul Tudor Jones is a respected Hedge Fund Manager. He discusses Bitcoin, Crypto and other topics.

Paul Tudor Jones is a multi-billionaire hedge fund manager and investor. He spoke to CNBC Tuesday about bitcoin. Jones founded Tudor Investment Corp, an asset management company.

“I see this generational divide and it’s a digital divide,” the billionaire said. “If you look at the smartest and brightest minds that are coming out of colleges today, so many of them are going into crypto, so many of them are going into the internet 3.0,” he noted, adding:

It’s hard not to want to be long crypto because of the intellectual capital, just the sheer amount of intellectual capital that’s going into that space.

“Clearly, if you think about the ultimate dream of crypto, it’s a borderless internet where all of a sudden, you have blockchain as the verification code to allow anyone on the internet to instantly connect because the blockchain verifies who they are and then that opens up just huge possibilities,” Jones detailed.

The Tudor Investment founder opined: “Clearly, central banks and central governments are not going to necessarily be huge fans of that, particularly when it comes to using crypto as a medium of exchange.” He warned:

That’s the number one thing that’s holding it back … the fact that you’re not going to get buy-ins from governments because they lose the ability to control the creation and the supply of money.

Nonetheless, Jones noted that “in a world where we’re starting to de-globalize,” the ability to have the borderless internet and a store of value outside of fiat currencies “becomes very attractive.”

He then shared: “I’ve got my modest allocation to crypto. I have a trading position on top of that, that goes from fully invested to zero, and I’d say right now I’m modestly invested.” Regarding his future outlook for crypto, he said:

I would think that it’s going to have a bright future as we roll through these rate hikes at some point in time, a lot of it depends on what our central bank does. It all depends on how serious you are in fighting inflation.

Jones was one of the original traditional hedge fund managers who recommended bitcoin for portfolios. Jones stated in October that crypto was his preferred hedge against inflation. He earlier compared BTC investing to early technology stocks such as Apple or Google.

What do you think about Paul Tudor Jones’ comments? Comment below.

Kevin Helms

Kevin, a student of Austrian Economics and evangelist since 2011, discovered Bitcoin. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.