Seeking Alpha
2020-05-07 17:14:28

Paul Tudor Jones buys Bitcoin

via BloombergThe famous hedge funder says Bitcoin (BTC-USD) is a hedge against "great monetary inflation," and reminds him of gold in the 70s."The best profit-maximizing strategy is to own the fastest horse," says Jones in a letter to his investors. "If I am forced to forecast, my bet is it will be Bitcoin."He says his $22B Tudor BVI fund could hold as much as low single-digits of its assets in Bitcoin futures.The news has sparked the popular crypto to a new post-crash high, now up 4.7% today to $9,718.[[GBTC]] +9.2%

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