Macro investor and hedge fund manager Paul Tudor Jones says he is buying bitcoin, according to Bloomberg News.
The founder and chief investment officer of Tudor Investment Corp. says he sees the crypto asset as a hedge against upcoming inflation as a result of central bank money printing, according to Bloomberg. According to the report, Jones is telling his clients that bitcoin resembles gold in the 1970s.
“The best profit maximizing strategy is to own the fastest horse,” Jones was quoted as saying.
“If I am forced to forecast, my bet is it will be bitcoin,” he added. According to Bloomberg’s report, Jones further added that his Tudor BVI fund “may hold as much as a low single-digit percentage of its assets in Bitcoin futures.”
This story is developing.
Author: Frank Chaparro
