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Billionaire Paul Tudor Jones Likes BTC as Portfolio Diversifier

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Billionaire Paul Tudor Jones Likes BTC as Portfolio Diversifier

American billionaire and hedge fund manager Paul Tudor Jones has admitted that BTC is a portfolio diversifier, with the businessman saying he would put 5% of his capital into BTC.

In a recent interview with CNBC, Jones admitted that he “liked BTC.” The billionaire hedge fund manager compared BTC to the Federal Reserve, questioning his “faith in reliability and consistency of human nature” when looking at the FED of 2013 and 2021. 

Jones admitted that if the Fed acted nonchalantly, he would “go all-in on the inflation trades.” 

Inflation seeing crypto interest increase

Jones continued, saying “I would probably buy commodities, buy crypto, buy gold” Jones said. 

Jones continued to elaborate how he would invest his portfolio under the current situation. While 

the businessman admitted that he would likely hold 80% of his portfolio aside and wait to see what the FED is going to do, “what they do will have a big impact” he stated. 

Following Jones’ comments on liking BTC, he explained how he would invest the remaining 20% of his portfolio, saying “I want to have 5% in gold, 5% in BTC, 5% in cash, 5% in commodities at this point in time.”

Jones concluded his interview with CNBC stating that he liked BTC as part of his portfolio diversification. “For me, it’s just a way of kind of foundationally looking at how do I protect my wealth. Over time, it’s a great diversifier.” 

MicroStrategy buying more BTC 

Last week Michael Saylor’s MicroStrategy announced it was looking to offload $500 million in bonds to purchase more BTC. Today the company announced that it had successfully completed the $500 million offering. Which is due back in 2028, with an interest rate of 6.125% annually. 

5% in BTC is too little says Saylor 

Saylor also made a comment on Twitter regarding holding only 5% of your portfolio in BTC. Saylor stated, “If you invest 5% of your portfolio in BTC, you have made the decision to invest 95% of your portfolio in assets getting demonetized by BTC.

The post Billionaire Paul Tudor Jones Likes BTC as Portfolio Diversifier appeared first on BeInCrypto.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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