Paul Tudor Jones has said buying bitcoin is “like investing with Steve Jobs and Apple or investing in Google early.”
Six months ago, Paul Tudor Jones invested in Bitcoin and today the famed hedge funder says he likes bitcoin even more.
In an interview with CNBC on Thursday, Jones said he was more optimistic about digital assets which he sees as a possible hedge against aggressive monetary policy by the central bank. “I like bitcoin even more now than I did then. I think we are in the first inning of bitcoin and it’s got a long way to go,” Jones said.
Jones, who is known for his macro trades and particularly his bets on interest rates and currencies, told CNBC’s Squawk Box “Bitcoin has several characteristics of being an early investor in a tech business,”
“The reason I recommended bitcoin is because it was one of the menus of inflation trades, like gold, like TIPS breakevens, like copper, like being long yield curve and I came to the conclusion that bitcoin was going to be the best inflation trade,” Jones added
