Paul Tudor Jones II, American tycoon and billionaire, has decided to acquire Is Immediate Edge Legit, Bitcoin Billionaire Website, Bitcoin Revolution Platform, The News Spy Uk, Bitcoin Evolution Website, Is Bitcoin Code A Scam, Is Bitcoin Profit Real, Bitcoin Circuit Platform, Is Bitcoin Era A Scam, Bitcoin Trader App as an inflation hedge.
In particular, Tudor confessed that an inflationary wave could be coming from the printing of Central Bank money. So he tells his clients that the situation reminds him of the role that gold played in the 1970s.
Does Bitcoin test the $10,000 or can he beat it before Halving?
Bitcoin is the fastest horse in the impending inflationary race
According to Bloomberg, Jones pointed out that the best strategy he can have to maximize profits is to have the fastest horse in a note entitled „The Great Money Inflation.
„If I’m forced to forecast, my bet is that it will be Bitcoin.“
Jones pointed out that Bitcoin is the fastest horse.
Therefore, Jones‘ Tudor BVI Global Fund, managed by Tudor Investment Corp. has been authorized to hold as much as „a low single-digit percentage exposure“ to its assets in Bitcoin futures.
That action makes it one of the first major hedge fund managers to decide to adopt what has so far been rejected by the mainstream: Bitcoin.
The truth is that Jones emphasized not being a crypto-crazy man. However, the monetary policy implemented to deal with the Coronavirus crisis led the investor to pay attention to Bitcoin.
In fact, Jones noted in his client report that it is an „unprecedented expansion of every form of money unlike anything the developed world has ever seen. By his calculation, the equivalent of 6.6 percent of the world’s economic output has been printed since February.
In particular, Bitcoin was not the investor’s first choice at first. He thought about gold, treasury bonds and certain types of stocks before recognizing Bitcoin.
Jones sees certain similarities to gold in Bitcoin in the 1970s, when the precious metal experienced a strong recovery from $35 per ounce in 1971 to a peak of $180 in late 1974.