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On Monday (October 10), legendary billionaire macro investor Paul Tudor Jones II (aka “PTJ”) shared his latest thoughts on crypto during an interview with CNBC.
As you may remember, in May 2020, PTJ made some very bullish comments about Bitcoin (as an inflation hedge) in the investment letter (“Market Outlook — Macro Perspective”) sent out to clients of the $22 billion macro hedge fund “BVI Global Fund”, which is managed by his asset management firm Tudor Investment.
Bloomberg was the first to report (on 7 May 2020) that according to this investment letter, the offering memoranda for the Tudor BVI Global Fund had been updated to disclose that Tudor Investment Corporation “may trade Bitcoin futures” for the fund and that the “initial maximum exposure guideline for purchasing Bitcoin futures” had been set to “a low single digit exposure.”
PTJ made his most recent comments about crypto during an interview with Andrew Ross Sorkin on CNBC’s “Squawk Box”.
When asked about his current thoughts on Bitcoin, he replied:
“I’ve still got a very minor allocation. I’ve always had a small allocation to it
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