Why Paul Tudor Jones Always Has Money In Bitcoin

In a recent interview with CNBC’s Squawk Box, Paul Tudor Jones (PTJ) reiterated his support for Bitcoin. In 2020, the legendary investor publicly revealed a bullish stance on the cryptocurrency as a hedge against inflation and a digital version of gold.

Paul Tudor Jones commented on the current macroeconomic outlook, and the high inflation issue causing financial headwinds for the entire world. The U.S. Federal Reserve (Fed) is trying to mitigate this problem by hiking interest rates. So far, their methods seem ineffective.

In that sense, Paul Tudor Jones compared inflation with “toothpaste”, he said: “Once you get it out of the tube, it’s hard to get it back in”. Bitcoin, Ethereum, and cryptocurrencies will conti