The world-renowned investor and American billionaire hedge fund manager, Paul Tudor Jones, recently shared his valuable insights and overview of the prominent cryptocurrency Bitcoin, along with its regulatory landscape.
During his appearance on CNBC’s Squawk Box, Paul T. Jones made a notable point, stressing that, “Bitcoin has a real problem because, in the United States, you have the entire regulatory apparatus against it.”
Within his diverse investment portfolio, Jones holds a significant amount of Bitcoins, primarily due to its exceptional qualities that set it apart from all other assets in his collection.
Jones values Bitcoin because of its unique features such as its fixed supply of 21 million coins, which sets it apart from other assets and encouraged him to hold longer onto it.
During the interview, Jones expressed his viewpoint, stating, “From the beginning, I’ve always said I want to have a small allocation to it because it’s the only thing humans can’t adjust the supply in.” This fundamental aspect is the primary reason why he is associated with Bitcoin. He also emphasized his commitment to stick with it “as a small diversification in my portfolio.”
Jones anticipates a decrease in inflation, which could potentially pose challenges for Bitcoin and its bullish momentum in the upcoming days.
Back in October 2022, Jones made a comparison between crypto assets and cash, stating that due to their scarcity, crypto assets can potentially have a higher valuation in the future. On a different note, despite his small investment in Bitcoin, he emphasized that cash remains a safer choice, as long as the Federal Reserve can effectively control inflation.