Prominent hedge fund manager, Paul Tudor Jones III, has pledged to maintain a small exposure to bitcoin due to its fixed supply. In a recent interview with CNBC, Jones praised the cryptocurrency for its scarcity, stating, “it’s the only thing that humans can’t adjust the supply in.” Jones, who initially bought bitcoin in 2017, sold the cryptocurrency at $20k and later re-entered the market in 2020 as a hedge against inflation. Jones has predicted that the US Federal Reserve’s interest rate hikes will stop, which could benefit the entire cryptocurrency industry. Anthony Scaramucci, Founder of SkyBridge Capital and former White House official, has also suggested that if US inflation drops to 4-5%, there could be a bull run for digital assets. Despite bitcoin experiencing a dip in 2022, Jones still regards it as a good buying opportunity and expressed that he “would probably” purchase more of it.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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