Paul Tudor Jones (66 years), an American billionaire and investment fund manager, said recently and before the current wave of Bitcoin's rise that Bitcoin has become an investment asset that cannot be neglected, as every investment portfolio must contain some bitcoin.
Paul appeared again in an interview with CNBC yesterday, stating that cryptocurrencies are an attractive hedge against inflation and praising the growing community of investors who have recently entered the arena.
We are still in the very early stages of Bitcoin's development, Paul told the founder of Tudor Investment Corp.
And Paul looks more comfortable after dipping his toe in the market earlier this year.
From what Paul Tudor Jones said in his interview:
Bitcoin has many investment characteristics that can be likened to early technology companies.
Paul added, explaining that he only carries a small bitcoin investment, adding that he is "not the bearer of the Bitcoin flag," but he is surprised at the number of really smart and sophisticated people who believe in Bitcoin.
This and compared the potential of the Bitcoin market by investing in technology companies early, such as "Apple" during the period of "Steve Jobs" or "Google" in the early stage, and stated in this regard by saying:
I have never had a way to hedge against inflation.
Bitcoin has some unique characteristics and a large intellectual capital behind it.
The price of Bitcoin rose above $ 13,000 for the first time this year, a day after PayPal announced that it would allow users to buy and sell cryptocurrency on its mobile app.
Bitcoin has risen nearly 175% since its decline in March, the month in which the market instability caused by the coronavirus outbreak began.
From what Paul told CNBC the following:
I love Bitcoin now more than I did at the time.
I think we are in the first half of Bitcoin and we still have a long way to go.