Paul Tudor Reveals that He Bought Bitcoin of Approx 2% of Total Wealth
Aggregate investor Paul Tudor said that “a little over 1%” of his resources in Bitcoin during Monday morning occurrence on CNBC.
The founder and chief investment officer of Tudor Investment Corp said during the interview that:
“Bitcoin, I think it’s great speculation. I’ve got a little over 1% of my assets in bitcoin, maybe it’s almost 2, that seems like the right number. “
Despite everything, Jones also pointed out that his strategy for bitcoin is “conservative.”
Jones said “When I think of bitcoin I look at it as one tiny part of the portfolio, it may end up being the best. It may end up being the best performer of all of them, I think it may be. I am very conservative. I am going to keep a tiny percent of my assets in it and that’s it,”.
Jones overwhelmed the market last week when he knocked an optimistic sound one on bitcoin in an investor letter and said that his Tudor BVI fund had taken a stairway over buying bitcoin futures. Forbes evaluations that Jones has a net worth of $5.1 billion.
In the letter, he made a solid file for purchasing bitcoin, saying that it may be the “fastest horse” in the market.
Jones noted in the letter :
“Quite often, how the markets respond will be at odds with your priors. But remember, the P&L always wins in the long run. With that in mind, in a world that craves new safe assets, there may be a growing role for Bitcoin,”.
In the conversation with CNBC, the investor confirmed this assumption. “We’re watching the birth of a store of value. And whether that succeeds or not, only time will tell,” Jones said.
