Billionaire Paul Tudor Jones explains why he will keep holding Bitcoin

Paul Tudor Jones explained that the supply of Bitcoin is limited and this is the reason why he is on the Bitcoin vehicle forever.

Paul Tudor Jones is an American billionaire hedge fund manager, conservationist, and philanthropist. In 2020, This American Billionaire said that Bitcoin is a very big speculation asset and he openly said that his 2% of investment portfolio was in only Bitcoin. 

On 15 May 2023, American Billionaire Jones appeared in an interview with CNBC’s squawk box and there he supported Bitcoin as the best investment asset over gold. 

The Wall Street legend talked about the 21 Million Bitcoin supply and said that he is in the Bitcoin vehicle because of its limited supply, which cannot be changed. 

“I’ve never sat on a horse that long. (…) From the beginning, I always said I wanted to have a small allocation to it because it’s a great tale of it, it’s the only thing that humans can’t adjust the supply in, so I’m sticking with it. I’m gonna always stick with it,” Billionaire said.

Earlier in October of the last year, Jones passed comments to support cryptocurrencies and said that the value of these crypto assets will be very high when there will be huge money in the market. 

The American billionaire hedge fund manager also talked about the inflation in the US economy and noted that people are buying Bitcoin & Gold to save their money.

Recently Glassnode reported that the number of Bitcoin addresses surged rapidly over the last 2 years. Between February 2022 to May 2023, Total of 190,000 Bitcoin addresses were created. 

Read Also: UK plans to treat & regulate Bitcoin as a gambling asset: Report 

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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