Billionaire Paul Tudor Jones Says 'I Love Bitcoin' – He'll Go All-in on Inflation Deals If Fed Says 'Things Are Good'

Billionaire hedge fund manager Paul Tudor Jones says he loves bitcoin. Noting that the famous hedge fund manager can rely on mathematics, he said, "Bitcoin appealed to me because for me it is a way to invest in security." Jones also shared his investment strategies in response to Fed policy. Paul Tudor Jones on Bitcoin, Fed Policy, Inflation Asset manager Paul Tudor Jones, founder of Tudor Investment Corp., explained to CNBC on Monday why he loves bitcoin. He explained: I love Bitcoin. Bitcoin is math, and math has been used for thousands of years. 2+2 equals 4 and will remain so for the next 2000 years. That's why I like the idea of investing in something that's reliable, consistent, fair and 100% sure. That's why Bitcoin appealed to me because for me it's a way to invest in security. “I'm looking at the difference between the Fed in 2013 and the Fed in 2021… I'm looking at the difference between Trump and Biden,” Jones said. "Do I want to have trust and the same reliability and consistency in human nature?" When asked if he likes bitcoin at the current price, Jones replied: As a portfolio diversifier, I love bitcoin… All I know for sure is that I want 5% gold, 5% bitcoin, 5% cash, 5% commodities right now. "I don't know what to do with the other 80%," admitted the famous hedge fund manager. "I want to wait and see what the Fed does because what they do will have a huge impact." A 5% share is a significant increase from the previous 1% to 2% share announced last year. He also said, “I have a defensive position in bitcoin to protect myself, my family, and our wealth over time.” He also said that he no longer watches bitcoin price, implying that it is a hodler. Jones also gave his views on inflation and the upcoming Federal Reserve meeting. He said this week's Fed meeting could be the most important in Chairman Jay Powell's career.

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