{"id":8257,"date":"2021-06-15T02:54:17","date_gmt":"2021-06-15T02:54:17","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/billionaire-paul-tudor-jones-says-i-like-bitcoin-will-go-all-in-on-inflation-trades-if-fed-says-things-are-good\/"},"modified":"2021-06-15T02:54:17","modified_gmt":"2021-06-15T02:54:17","slug":"billionaire-paul-tudor-jones-says-i-like-bitcoin-will-go-all-in-on-inflation-trades-if-fed-says-things-are-good","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/billionaire-paul-tudor-jones-says-i-like-bitcoin-will-go-all-in-on-inflation-trades-if-fed-says-things-are-good\/","title":{"rendered":"Billionaire Paul Tudor Jones Says \u2018I Like Bitcoin\u2019 \u2014 Will Go All in on Inflation Trades if Fed Says \u2018Things Are Good\u2019"},"content":{"rendered":"

Billionaire hedge fund manager Paul Tudor Jones says he likes bitcoin. Noting that he can trust math, the famed hedge fund manager said, \u201cbitcoin has appealed to me because it\u2019s a way for me to invest in certainty.\u201d Jones also shared his investment strategies in response to the Fed\u2019s policy.<\/strong><\/p>\n

Paul Tudor Jones on Bitcoin, Fed Policy, Inflation<\/h2>\n

Paul Tudor Jones, the founder of asset management firm Tudor Investment Corp., explained to CNBC Monday why he likes bitcoin. He described:<\/p>\n

I like bitcoin. Bitcoin is math and math has been around for thousands of years. 2+2 is going to equal 4 and it will for the next 2,000 years. So, I like the idea of investing in something that\u2019s reliable, consistent, honest, and 100% certain. So, bitcoin has appealed to me because it\u2019s a way for me to invest in certainty.<\/p>\n

\u201cI look at the difference between the Fed in 2013 and Fed of 2021 \u2026 I look at the difference between Trump and Biden,\u201d Jones noted. \u201cDo I want to have faith and that same reliability and consistency in human nature?\u201d<\/p>\n

When asked if he likes bitcoin at the current price, Jones replied:<\/p>\n

I like bitcoin as a portfolio diversifier \u2026 The only thing that I know for certain is I want to have 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities at this point in time.<\/p>\n

\u201cI don\u2019t know what I want to do with the other 80%,\u201d the famed hedge fund manager admitted. \u201cI want to wait and see what the Fed is going to do because what they do will have a big impact.\u201d<\/p>\n

A 5% allocation is a significant increase from his earlier allocation of between 1% and 2% that he revealed last year.<\/p>\n

He further shared, \u201cI have a defensive position in bitcoin to protect myself, my family, and our wealth over time.\u201d He also said he does not look at the price of bitcoin anymore, implying that he is a hodler.<\/p>\n

Jones also offered his views on inflation and the upcoming Federal Reserve meeting. He said the Fed meeting this week could be the most important meeting in Chairman Jay Powell\u2019s career, and \u201ccertainly the most important Fed meeting of the past four or five years.\u201d Clarifying why the meeting is so important, he said:<\/p>\n

The reason why is because we\u2019ve had so much incoming data that challenges both their mission and their model. So how they react to that will be extraordinarily important and I think for investors as to how they should deal with their portfolios going forward.<\/p>\n

Jones explained that consecutive consumer price index readings put price pressures well ahead of the Fed\u2019s 2% inflation goal. However, Fed officials continue to insist that the current readings are transitory and unlikely to persist. Jones disagreed, emphasizing that \u201cIt\u2019s an intellectual incongruity that risks damaging their forecasts if they\u2019re wrong on inflation.\u201d<\/p>\n

<\/p>\n

Referring to recent economic data showing higher consumer prices, Jones said: \u201cIf they [the Fed] treat these numbers, which were material events, they were very material, if they treat them with nonchalance, I think it\u2019s just a green light to bet heavily on every inflation trade.\u201d He further opined:<\/p>\n

If they say, \u2018We\u2019re on path, things are good,\u2019 then I would just go all in on the inflation trades. I\u2019d probably buy commodities, buy crypto, buy gold.<\/p>\n

On the other hand, Jones predicted: \u201cIf they course correct, if they say, \u2018We\u2019ve got incoming data, we\u2019ve accomplished our mission or we\u2019re on the way very rapidly to accomplishing our mission on employment,\u2019 then you\u2019re going to get a taper tantrum.\u201d He concluded: \u201cYou\u2019re going to get a sell-off in fixed income. You\u2019re going to get a correction in stocks. That doesn\u2019t necessarily mean it\u2019s over.\u201d<\/p>\n

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

Bitcoin News
\nFeatured, commodities, Federal Reserve, gold, inflation, inflation trades, Paul Tudor Jones, paul tudor jones bitcoin, paul tudor jones inflation<\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire hedge fund manager Paul Tudor Jones says he likes bitcoin. Noting that he can trust math, the famed hedge fund manager said, \u201cbitcoin has appealed to me because it\u2019s a way for me to invest in certainty.\u201d Jones also shared his investment strategies in response to the Fed\u2019s policy. Paul Tudor Jones on Bitcoin,…<\/p>\n","protected":false},"author":0,"featured_media":8258,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-8257","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\/8257"}],"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=8257"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8258"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}