Billionaire Paul Tudor Jones Calls Bitcoin (BTC) Great Portfolio Diversifier

UTC by Bhushan Akolkar · 2 min read
Billionaire Paul Tudor Jones Calls Bitcoin (BTC) Great Portfolio Diversifier
Photo: FORTUNE Global Forum / Flickr

The billionaire hedge fund manager also noted that he would go “all-in” on crypto if the US Federal Reserve remains nonchalant about the rising inflation and consumer prices.

While Bitcoin (BTC) has been trading sideways over the last month, billionaire investors remain confident about its future. Speaking to CNBC on Monday, June 14, America’s billionaire hedge fund manager Paul Tudor Jones showered praised for Bitcoin.

Paul Tudor Jones Speaking about Bitcoin

Tudor believes that Bitcoin is a great way to protect his wealth in the long run just like Gold. He noted that BTC serves as a great wealth diversifier just like the physical gold. Ths he holds 5% of each of these asset classes. Speaking at an interview with CNBC Squawk Box, Jones said:

“I like bitcoin as a portfolio diversifier. Everybody asks me what should I do with my bitcoin? The only thing I know for certain, I want 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities. At this point in time, I don’t know what I want to do with the other 80% until I see what the Fed is going to do”.

“For me, it’s just a way of kind of foundationally looking at how do I protect my wealth. Over time it’s a great diversifier. Again, I look at bitcoin as a story of wealth. I look at crypto as a story of wealth. Others will argue this is a different ecosystem. It’s transactional in nature.” added he.

Tudor Jones also noted that the math behind Bitcoin makes it certain, reliable, and something that will continue to flourish with time.

Going ‘All-In On Inflation Trades’

Interestingly, Jones also mentioned that he would “go all-in on the inflation trades” in case the U.S. Federal Reserve stays indifferent to the rising consumer prices.

“If they treat them with nonchalance, I think it’s just a green light to bet heavily on every inflation trade. If they say, ‘We’re on [the] path, things are good,’ then I would just go all in on the inflation trades,” Jones said. “I’d probably buy commodities, buy crypto, buy gold.”

During the interview, Tudor Jones was also asked about his thoughts on Bitcoin. Responding to it he said he’s certainly worried about the environmental impact of Bitcoin. “If I was king of the world I would ban Bitcoin mining,” he added. However, he remains hopeful that the industry will figure a way out to deal with it. 

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