Copy link
Increase text size
Decrease text size
Link copied

Paul Tudor Jones reveals why he likes Bitcoin and wants to allocate 5% of his portfolio to BTC

Jones said he likes Bitcoin as a portfolio diversifier and that he’d allocate 5 percent of his portfolio to BTC

Paul Tudor Jones / Image by: TED Conference / Flickr

Tue, 15 Jun 2021, 11:10 am UTC

Legendary Wall Street investor Paul Tudor Jones reveals he likes Bitcoin and wants to diversify his portfolio to include Bitcoin into his asset mix. At the moment, he placing a 5 percent cap for his BTC exposure but did not rule out investing more in crypto depending on what the Fed’s next moves might be.

“Listen, I like Bitcoin,” Paul Tudor Jones said on CNBC’s “Squawk Box.” “Bitcoin is math and math has been around for thousands of years. Two plus two is gonna equal four and it will for the next two thousand years.”

The investor said that Bitcoin is reliable and a way for him to invest with certainty. “I like the idea of investing in something that is reliable, consistent, honest, and a hundred percent certain,” Jones added. “Bitcoin has appealed to me because it’s a way for me to invest in certainty.”

When asked if he like Bitcoin at its current price level, Jones opined that he likes Bitcoin as a portfolio diversifier and that he’d allocate 5 percent of his portfolio to BTC. Just like most investors, however, he is still waiting for the Fed to make its move before deciding what to do with the rest of his funds.

“The only thing I know for certain is I want to have 5 percent in gold, 5 percent in Bitcoin, 5 percent in cash, 5 percent in commodities at this point in time,” Jones explained. “I don’t know what I would do with the other 80 percent. I want to wait and see what the Fed is gonna do because what they do will have a big impact.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $38,934.00 (+3.01%)
  • Ethereum (eth) $2,689.76 (+8.64%)
  • Tether (usdt) $1.00 (+0.05%)
  • Binance Coin (bnb) $330.58 (+2.73%)
  • Cardano (ada) $1.37 (+2.90%)
  • Bitcoin (btc) $38,934.00 (+3.01%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft