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Billionaire Paul Tudor Jones Calls Bitcoin ‘100% Certain,’ Unveils Portfolio Allocation to BTC

Billionaire Paul Tudor Jones Calls Bitcoin ‘100% Certain,’ Unveils Portfolio Allocation to BTC
Billionaire investor and hedge fund manager Paul Tudor Jones unveils that he’s raising his allocation to Bitcoin (BTC).
In new a CNBC Squawk Box interview, he shares his bullish thesis on Bitcoin, seeing it as a bet on certainty amid uncertain economic conditions. 
 
“Listen, I like Bitcoin. Bitcoin is math, and math has been around for thousands of years. Two plus two is gonna equal four, and it will for the next two thousand years. So, I like the idea of investing in something that’s reliable, consistent, honest and 100% certain. So Bitcoin has appeal to me because it’s a way for me to invest in certainty.”
In terms of portfolio allocation, Jones has deeper conviction in Bitcoin, saying that he wants 5% allocation in Bitcoin now, up from his 1% to 2% allocation last year.
“I like Bitcoin as a portfolio diversifier… The only thing I know for certain is I wanna have 5% in gold, 5% in Bitcoin, 5% in cash, 5% in commodities at this point in time.”
As for the other 80% of the billionaire’s portfolio, he is holding back on other investments until the Federal Reserve meets this week to discuss the latest economic figures. According to Jones, accelerating inflation in the US could play a big role in future investment portfolios.
“ If [the Fed] treat these numbers – which were material events, they were very material – if they treat them with nonchalance, I think it’s just a green light to bet heavily on every inflation trade.
If they say, ‘We’re on path. Things are good,’ then I would just go all-in on the inflation trades. I’d probably buy commodities, buy crypto, buy gold.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Billionaire Paul Tudor Jones Calls Bitcoin ‘100% Certain,’ Unveils Portfolio Allocation to BTC appeared first on The Daily Hodl .

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