Paul Tudor Jones says, “Go all in on the inflation trades,” want 5% Bitcoin allocation

Jones likes bitcoin and sees it as a great way to protect wealth over the long run.
Billionaire Paul Tudor Jones Wants 5% Bitcoin Allocation

Hedge fund manager Paul Tudor Jones told CNBC on Monday he would “Go all in on the inflation trades” if the U.S. Federal Reserve remains indifferent to rising consumer prices. He added that his portfolio would include at least a 5% Bitcoin allocation.

“If they treat them with nonchalance, I think it’s just a green light to bet heavily on every inflation trade,” Jones said during Squawk Box interview.“Bitcoin is math, and math has been around for thousands of years.”

Paul Tudor Jones said he wants the allocation to bitcoin of 5% in his portfolio. “The only thing that I Know for certain is I want to have 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities,” said Jones. The rest 80% allocation would depend on US Federal Reserve’s upcoming policy meeting.

Also Read: Bitcoin Taproot Upgrade Achieves Activation Lock-in

“If they say, ‘We’re on the path, things are good,’ then I would just go all-in on the inflation trades. I’d probably buy commodities, buy crypto, buy gold, “added Jones, the founder, and chief investment officer of Tudor Investment.

Jones said he likes bitcoin and sees it as a great way to protect wealth over the long run. He holds it in his portfolio, comparing it to gold. In May last year, Jones confirmed he had invested somewhere between 1% and 2% of his asset in bitcoin.

Related Posts
Total
0
Share