Paul Tudor Jones Has Invested in Bitcoin

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Paul Tudor Jones, trader and founder of hedge fund Tudor Investment, has recently revealed that he continues to hold a position in BTC. He has said:

“I still have a small investment in Bitcoin.”

According to him, BTC and ETH will have value “at some point” due to too much money. He believes the price of these assets will rise.

He has also drawn attention to the monetary policy of the Fed. Until 2018, it was quite simple, but two years later, the regulator “overdid it with quantitative easing” in support of the economy, and then dramatically changed its strategy.

He has added:

“Inflation is a bit like toothpaste. Once you squeeze it out of the tube, it will be hard to get it back. The Fed is furiously trying to wash that taste out of their mouths. If we enter a recession, it will have really negative consequences for a number of assets.”