Faced with the risks of galloping inflation for the years to come, billionaire Paul Tudor Jones evokes a solution: Bitcoin (BTC). What are his arguments?
Billionaire Paul Tudor Jones affirms his support for Bitcoin
Renowned investor, billionaire Paul Tudor Jones was a guest yesterday on CNBC, where he shared his opinions regarding several asset classes. He noted that the level of debt of the United States was worrying, and that we could expect more inflation in the years to come :
“All roads lead to inflation – this is historically how every civilization has coped – with inflation eventually exceeding debts. »
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Faced with these prospects, where can you find havens to protect your assets? According to the billionaire, these are the “commodities »or raw materials, which are always a source of stability. And among these, there is Bitcoin:
“I'm long gold, I'm long Bitcoin. I think raw materials are ridiculously under-regarded – so I’m long on those.»
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A positioning that is not new
It's been several years that the billionaire shows his interest in Bitcoin, which he considers stable. In 2021, here is what he said:
“I like the idea of investing in something that is reliable, consistent, honest and 100% certain. Bitcoin attracts me because it is a way of investing in certainty”.
Last year, he also encouraged investors to allocate a larger portion of their portfolios to cryptocurrencyfacing a tense geopolitical context.
🌐 Read on the same subject – Towards a bullish autumn for Bitcoin (BTC)? On-chain analysis
Bitcoin soared in 2024, reaching an all-time high of $73,600 in March. Since then, thehe largest cryptocurrency has remained above the symbolic threshold of $60,000 the majority of the time. To date, it represents a capitalization of 1,300 billion dollars.
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Source: CNBC
Illustration: TED Conference via Flickr (CC BY-NC)
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