April 19, 2024

Former adviser to George Soros explains billionaire Tudor Jones' interest in bitcoin

06/13/2020

Roman Petrov

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Former adviser to George Soros explains billionaire Tudor Jones' interest in bitcoin

Former adviser to George Soros said that&#171;not surprised&#187; investments of trader and billionaire Paul Tudor Jones in Bitcoin, given the current monetary policies of central banks, reports Cointhelegraph.

Takeshi Fujimaki was in close contact with Tudor Jones when he was trading himself.

He noted the similarity of mentality between the founder of the hedge fund Tudor Investment and investors such as Soros, Louis Bacon and Julian Robertson.

&#171;They look at the long term andcatch a big trend. Paul Tudor joining the world of crypto assets means that he takes the world's inflation issues seriously and believes that digital currencies thrive in such circumstances,” Fujimaki said.

It is only natural that the new money that central banks are flooding the markets with will go into cryptocurrencies and Bitcoin as “digital gold,” he added.

Paul Tudor Jones stated last month thatconsiders trading bitcoin futures as insurance against inflation. He later confirmed that he holds 1-2% of his assets in the first cryptocurrency. Paul Tudor's fortune is estimated at $ 5.1 billion.