Billionaire Paul Tudor Jones Believes In Bitcoin And Will Buy More BTC

Paul Tudor Jones. (Photo; Doc. Kryptographene)

JAKARTA One of the US billionaires and the manager of the legendary hedge fund, Paul Tudor Jones, recently stated that he would still maintain his Bitcoin holdings despite the risk.

Not without reason Jones revealed this. According to him, Bitcoin has a supply of which cannot be changed by humans. Furthermore, he also considered that the Fed would stop its policy of increasing interest rates which were considered aggressive.

Paul Tudor Jones, who has been in Bitcoin since 2017, admitted that he will always have Bitcoin. He praised the limited supply of Bitcoin, only 21 million BTC. This is different from fiat money that can be printed again by financial entities like the Fed. For Jones, the emergence of Bitcoin is a big event and nothing can change the supply of Bitcoin.

The billionaire admitted that his Bitcoin investment was only part of a small diversification of his portfolio. Regarding the potential to buy Bitcoin again, he stated that maybe in the future he might buy more Bitcoins.

At the same time, Jones observed the inflation that occurred in the US dollar currency and the Fed's efforts to overcome it. He argues that the increase in interest rates in early May will be the last. This is because a higher interest rate increase will have an impact on increasing loan costs so that it can reduce people's interest in investing.

Not only that, he assessed that the decline in interest rates has the potential to trigger an increase in cryptocurrency prices. For information only, in 2017 Jones bought Bitcoin and sold it after getting profit from the digital asset.

Then in 2020, he bought Bitcoin again, this time with a different view, namely Bitcoin as a hedge for value or store of value from the threat of inflation. Therefore, he sees Bitcoin as a potential asset in this digital world.