Paul Tudor Jones invested in Bitcoin

One of the world’s most successful traders, Paul Tudor Jones, invested in Bitcoin. In an interview with CNBC he admittedwhich holds the first cryptocurrency in its portfolio along with gold, commodities and technology stocks. Writes about this RBC Crypto.

Tudor Jones is a stock trading veteran who predicted Black Monday in 1987 and was one of the few to make money during the 1994 crisis. 40 years on the stock exchange brought him the status of a guru of the world stock market and a fortune of $8.1 billion, according to estimates Forbes.

Jones’ strategy was based on simultaneous execution of many trades. Up to a quarter of them made a profit, but this compensated for losses on other positions. Jones focuses on risk control: in his opinion, what is more important is not the profit from trading operations, but the possible losses.

According to him, the government’s economic goals to reduce inflation are unattainable without fundamental policy changes and the country will be ruined if the authorities do not reduce spending. By data US Treasury Department, the federal budget deficit in 2024 exceeded $1.8 trillion. Over the year it grew by $138 billion.

Big government spending could lead to a massive sell-off of bonds and higher interest rates, the billionaire said. He said he would not invest in fixed income assets.

Among other famous financiers and entrepreneurs, Robert Kiyosaki and Mark Cuban have previously bet on Bitcoin; Elon Musk is also known for his pro-cryptocurrency views. The head of the world’s largest asset management company BlackRock, Larry Fink, who previously called Bitcoin a “money laundering index”, has changed his point of view and now says that he has great faith in the leading cryptocurrency.

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