Tudor Investment hedge fund trader and founder Paul Tudor Jones said in an interview with CNBC that he would channel 5% of his capital into Bitcoin due to Fed policy.
Paul Tudor Jones wants his portfolio to be 5% #Bitcoin because… math. pic.twitter.com/44o9tapbSr
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The billionaire is convinced that the first cryptocurrency contributes to the diversification of the investment portfolio thanks to “built-in mathematics”.
He is currently targeting a 5% stake for gold, bitcoin, exchange contracts and cash. He will determine the scenario for placing the remaining 80% of funds after analyzing the results of the upcoming June 16 Fed meeting.
“For me, the first cryptocurrency is just a way to fundamentally look at how I protect my wealth over time. This is again a great opportunity for diversification, for preserving capital, ”explained Jones.
The investor hinted that he could increase the share of “inflationary” instruments if the monetary authorities ignore the recent surge in consumer prices. In his opinion, he was of a “very significant” character.
“If they say:“ We are on the trajectory [временного повышения инфляции], all is well, ”then I’ll go for broke. I will consider buying gold, cryptocurrencies and commodities, ”explained Jones.
In the scenario of the Fed recognizing the threat of inflation and its readiness to make changes in the parameters of monetary policy, the billionaire sees the risks of strong sales in stocks and bonds. The investor added that this will not be the “end of the world”.
“Claims about the temporary nature of inflation contradict my view of the world,” Jones said.
In May 2020, Tudor Jones estimated his bitcoin assets at $ 100 million. At that time, this was the equivalent of 1-2% of his fortune.
Earlier, Carl Icahn, the founder of Icahn Enterprises, announced his readiness to invest more than $ 1 billion in cryptocurrencies due to rising inflation.
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