{"id":13418,"date":"2021-10-21T02:54:05","date_gmt":"2021-10-21T02:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/billionaire-paul-tudor-jones-now-prefers-crypto-over-gold-as-inflation-hedge\/"},"modified":"2021-10-21T02:54:05","modified_gmt":"2021-10-21T02:54:05","slug":"billionaire-paul-tudor-jones-now-prefers-crypto-over-gold-as-inflation-hedge","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/billionaire-paul-tudor-jones-now-prefers-crypto-over-gold-as-inflation-hedge\/","title":{"rendered":"Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation Hedge"},"content":{"rendered":"

Billionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently \u201cwinning the race against gold.\u201d He added that the cryptocurrency is his preferred inflation hedge over gold.<\/strong><\/p>\n

Paul Tudor Jones Chooses Bitcoin Over Gold<\/h2>\n

Paul Tudor Jones, the founder of asset management firm Tudor Investment Corp., talked about bitcoin being his preferred hedge against inflation in an interview with CNBC Wednesday. He said:<\/p>\n

Clearly, there\u2019s a place for crypto. Clearly, it\u2019s winning the race against gold at the moment \u2026 It would be my preferred one over gold at the moment.<\/p>\n

\u201cI\u2019ve got crypto in single digits in my portfolio,\u201d he continued. \u201cI do think we are moving into an increasingly digitized world.\u201d<\/p>\n

Jones said he is worried about rising inflation, noting that it\u2019s posing a major threat to the U.S. financial markets and the recovering Covid-hit economy.<\/p>\n

The price of bitcoin surpassed all-time highs Wednesday after the first bitcoin futures exchange-traded fund (ETF) in the U.S. started trading on the NYSE. Gold lost 8% over the past 12 months while bitcoin gained 437%.<\/p>\n

The billionaire investor was asked to comment on investing in a bitcoin ETF as a way to get exposure to the cryptocurrency. Admitting that he is not \u201ca real expert on ETFs,\u201d Jones said:<\/p>\n

I think a better way to get in would be to actually own the physical bitcoin, to take the time to learn how to own it \u2026 I think the ETF would be fine. I think the fact that it is SEC-approved should give you great comfort.<\/p>\n

He was also asked if the approval of an ETF means that the regulators are saying that crypto is here to stay. Jones replied:<\/p>\n

I think crypto is here to stay.<\/p>\n

He proceeded to explain the reason the U.S. is \u201cthe most prominent economic power in the world is because we unleash our individual entrepreneurism and creativity.\u201d<\/p>\n

In contrast, he said, \u201cChina is doing the exact opposite. That place is on an economically slow boat to the south pole.\u201d<\/p>\n

The billionaire fund manager previously said that bitcoin was a store of wealth, like gold. He began recommending<\/a> BTC<\/a> for portfolios early last year. In October 2020, he said that he saw massive upside in bitcoin and likened<\/a> investing in the cryptocurrency to investing in early Apple or Google.<\/p>\n

What do you think about Paul Tudor Jones\u2019 comments about bitcoin and gold? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, gold, gold vs bitcoin, inflation hedge, Paul Tudor Jones<\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently \u201cwinning the race against gold.\u201d He added that the cryptocurrency is his preferred inflation hedge over gold. Paul Tudor Jones Chooses Bitcoin Over Gold Paul Tudor Jones, the founder of asset management firm Tudor Investment Corp., talked about bitcoin being his preferred hedge…<\/p>\n","protected":false},"author":0,"featured_media":13419,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13418"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13418"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13419"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}