The American billionaire Hedge fund manager Paul Tudor Jones holds Bitcoin. What is other big investors’ approach towards BTC?
In an interview, the founder of Tudor Investment Corporation, Paul Tudor Jones II, said that he still has a very minor allocation of Bitcoin. The hedge firm has over $24 billion in assets under management, according to their latest 13F filings.
Generally, Paul Tudor is believed to be a trend follower, which means he doesn’t hold on to an investment instrument in a downtrend. There is a famous picture of Paul Tudor, with a poster in the background that reads “Losers Average Losers,” basically indicating that he does not believe in popular strategies like Dollar-cost averaging.
He might have made an exception for Bitcoin and still holds it, a small allocation, though.
“So in a time when there is too much money, which is why we have inflation and too much fiscal spending, something like crypto, specifically Bitcoin and Ethereum, where there is a finite amount, that will have value at some point, someday. I don’t know when that will be, it will have value,” Paul said in the interview.
The co-founder of business intelligence firm MicroStrategy, Michael Saylor, is the most well-known Bitcoin whale. Most recently, MicroStrategy added 301 BTC to its balance sheet according to a form 8-k filing with The Security and
GIPHY App Key not set. Please check settings