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It’s happening: Paul Tudor Jones Discloses Bitcoin Stake – Bloomberg

Posted by: scully009 in Business Comments Off on It’s happening: Paul Tudor Jones Discloses Bitcoin Stake – Bloomberg

Paul Tudor Jones discloses a bitcoin stake, according to Bloomberg. Jones said Bitcoin reminds him of gold in the ’70s.

The hedge fund manager disclosed the new Bitcoin allocation in a letter to clients and called it a great hedge against ‘great monetary inflation.’
Jones said the “best profit-maximizing strategy is to own the fastest horse.” He said his bet is that will be Bitcoin.

Jones said his fund may hold as much as a low single-digit percentage of its assets in Bitcoin futures.

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