.ptj_official maintains a positive view of Bitcoin in spite of the significant price downturn
, hedge fund legend Paul Tudor Jones says that he still has"a very minor" allocation in Bitcoin, the world's largest cryptocurrency."I've always had a small allocation to it," he added.
Cryptocurrencies such as Bitcoin and Ethereum will have value"at some point" because of there is too much money."I don't know when that will be, but it will happen." In fact, the billionaire believes that both cryptocurrencies will trade at much higher prices. Jones revealed that he had bought Bitcoin in May 2020, calling it"great speculation." Last October, the billionaireJones claims that a macro environment full of uncertainty is the best for investing.Speaking of the U.S. Federal Reserve's rate hikes, their consequences remain largely unknown for now, according to Jones.
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