Paul Tudor Jones could invest 5% of his portfolio in BTC

BTC ended the weekend with a pump to the $ 40,000 resistance area. At the time of writing, the first cryptocurrency by market capitalization is trading at around $ 39,670, gaining 11.5% in terms of the daily chart.

Over the past week, BTC price promotions have been determined by a continuing declining trend after a massive sell-off in May.

Legendary investor Paul Tudor Jones, however, sees BTC the opposite. Nearly a year ago, Tudor Jones compared the first cryptocurrency by market capitalization with gold and claimed to use BTC as a store of value.

This legendary investor published a document entitled “The Great Monetary Inflation”. At the time, he was concerned about the “endless money” policy of the US Federal Reserve. And as Jones showed in a recent interview with CNBC, these concerns still persist. According to him, things were already crazy then (when he first started investing in BTC) and they are still crazy now. BTC thus considers it the only certain investment in an otherwise uncertain world and adds:

“I LIKE $ BTC. I LIKE THE IDEA OF INVESTING IN SOMETHING THAT IS RELIABLE, CONSISTENT, HONEST AND 100% DEFINITIVE. BTC GAINED ME BECAUSE I HAVE A WAY I CAN INVEST IN SECURITY. ”

BTC or why Paul Tudor Jones believes in code

Last year, when the Covid-19 pandemic forced most of the Western world to close, central banks around the world responded with interventions. In this context, Tudor Jones compared BTC’s network to Fed policies and once again realized one important difference: the first works for certainty and the second for faith. Similarly, investors must trust the US administration, elections and human nature. Tudor Jones considered:

“Do I want faith? In the reliability and consistency of human nature and its direct nature. I know it’s all different than this “

The legendary investor therefore sees BTC as a portfolio diversifier and wants to hold a 5% position in cryptocurrencies, 5% in cash and 5% in commodities. The remaining percentages will be allocated to further investment after the US Fed decides “what to do, because what they do will have a big impact.”

The Fed will begin its two-day meeting on Wednesday, so there are high expectations in the market. If the Fed embarks on a path of higher inflation, Tudor Jones will strengthen its position in bitcoins, gold and other commodities.

“If I was king of the world I would ban #BTC mining, “said legendary trader @ptj_official he #BTC‘s environmental impact. pic.twitter.com/FvmpMpV3fK

– Squawk Box (@SquawkCNBC) June 14, 2021

Conclusion

Tudor Jones is well aware of the current global situation and, like many others, is looking for ways to protect his property at this time. On the other hand, he also mentioned something he didn’t like about BTC. If he were the “ruler of the whole world”, he would focus on the BTC mining sector because of its environmental impact. However, his concerns about current economic policy have forced him to think that the world is in an emergency situation and that it requires emergency measures.