Billionaire investor Paul Tudor Jones has said that he prefers Bitcoin as a portfolio diversifier and wants to allocate 5% of his assets to BTC.
Ahead of the Federal Reserve’s much-awaited policy decision this week, billionaire hedge fund manager Paul Tudor Jones said he worries the central bank won’t be quick enough to tackle inflation development has a problem and requires investors to have an immediate solution.
Tudor Jones said Wednesday’s Fed meeting was the most important of the past year as inflation data revealed the biggest price spike in 13 years for two straight months. The proof is that the Fed’s balance sheet hit $8 trillion for the first time.
Perhaps that’s why he wanted to lay out the universal hedge against inflation, adding that how he allocates the rest of the 80 percent of his portfolio depends on whether the Fed changes its policy or not. themselves to improve the inflation situation.
The only thing I know for sure is that I want 5% in gold, 5% in Bitcoin, 5% in cash and 5% in commodities.
Tudor Jones has been an investor in Bitcoin before. Last year, he said that he has almost 2% of his wealth in crypto. It is unclear whether the billionaire investor, with a net worth of around $7 billion, has increased his Bitcoin allocation since then. At the moment, Tudor Jones seems to have a lot of wings for Bitcoin.
Bitcoin is math and math has been around for thousands of years. So I like the idea of investing in something that is reliable, consistent, honest, and 100% certain.
At the same time, Bitcoin appeals to Tudor Jones about how to make the difference between the Fed of 2013 and the Fed of 2021, between former President Trump and the current Biden administration, which he considers folly. acceptable.
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