Paul Tudor Jones: Bitcoin is Winning The Race Against Gold
Paul Tudor Jones says Bitcoin is now his preferred inflation hedge over gold now:
Bitcoin is Winning the Race Against Gold: Paul Tudor Jones
The hedge fund manager revealed his thoughts on CNBC’s Squawk Box earlier today. The interviewer referred to a previous episode from May of 2020 when Jones showed newfound support for the primary cryptocurrency. He started showing tentative interest in Bitcoin as an inflation hedge in response to the pandemic.
The billionaire has maintained his position since then.
“Bitcoin would be a great inflation hedge,” he said.
Regarding exposure, Jones said that crypto comprises a single-digit percentage of his portfolio. His fund also has a small trading position in the asset.
“I do think we’re moving into an increasingly digitized world. Clearly, there’s a place for crypto, and clearly, it’s winning the race against gold at the moment, right?”
Jones stated that he would prefer Bitcoin to gold at this time, even as the cryptocurrency reaches all-time highs.