• Dapps: 16.23K
  • Blockchains: 78
  • Active users: 66.47M
  • 30d volume: $303.26B
  • 30d transactions: $879.24M

Paul Tudor Jones' Investment Strategy: Gold and Bitcoin

by

2 hours ago

Renowned hedge fund manager Paul Tudor Jones has confirmed his long-term interest in gold and Bitcoin amid global financial instability.

Investment Strategy

Paul Tudor Jones, founder of Tudor Investment Corporation with $12 billion in assets, expressed his confidence in gold, Bitcoin, commodities, and NASDAQ stocks. He believes these assets are undervalued and can act as a hedge against inflation.

Impact on the Crypto Market

Despite the positive comments from Jones sparking optimism in the crypto community, he has been known as a Bitcoin supporter for some time. In a letter to clients, Jones compared investing in BTC to buying gold in the 1970s, suggesting inflation is likely to rise due to the Federal Reserve's actions.

Bitcoin Price

The current fluctuations in Bitcoin's price continue to puzzle market participants. The current resistance at $68,000 serves as a significant test for Bitcoin bulls, while moving averages on the daily chart are hinting at a possible 'golden cross'.

Paul Tudor Jones' long-term investments in Bitcoin and gold underline their importance as assets for hedging against inflation in today's economic environment.

0

Share

Other news

Blockchain in Finance: The Roles of Qubetics, Tezos, and Tron

Blockchain transforms finance. Qubetics, Tezos, and Tron shape this with asset tokenization and decentralized solutions.

5 minutes ago

Metaplanet Raises ¥10 Billion for Bitcoin Expansion

Metaplanet completes stock offering, raising ¥10 billion to expand cryptocurrency portfolio.

5 minutes ago

VanEck Offers Staking for Solana ETN in Europe with $73M AUM

VanEck launched staking for Solana ETN in Europe with $73M AUM, giving investors the opportunity to earn rewards.

6 minutes ago

Sales of Worldcoin and Alameda Research Activity

Alameda Research moves Worldcoin to Binance ahead of FTX debt repayments.

6 minutes ago

Bitnomial vs. SEC: The Future of XRP Futures Regulation

Bitnomial challenges SEC: XRP as investment contract and regulatory implications.

21 minutes ago

Ripple Co-founder's $1M Crypto Donation to Kamala Harris' Campaign

Chris Larsen of Ripple donates $1M in XRP to Kamala Harris' campaign through Future Forward PAC.

22 minutes ago

dapp expert logo
© 2020. DappExpert. All rights reserved.
© 2020. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.