Legendary hedge fund manager Paul Tudor Jones now claims he likes bitcoin (BTC) even more than when he decided to invest in this most popular cryptocurrency.
“I think we are in the first inning of bitcoin and it’s got a long way to go,” Jones said on CNBC’s “Squawk Box” on Thursday. The founder and chief investment officer of Tudor Investment Corporation also admitted that he holds a “small single-digit investment” in BTC, adding that “It’s like investing with Steve Jobs and Apple or investing in Google early.”
“The reason I recommended bitcoin is because it was one of the menu of inflation trades, like gold, like TIPS [Treasury Inflation protected Security] breakevens, like copper, like being long yield curve and I came to the conclusion that bitcoin was going to be the best inflation trade,” Jones said.
PTJ says other inflation hedges are fundamentally bearish humanity whereas Bitcoin is bullish humanity.
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Watch the whole interview below: