- The uniqueness of bitcoin lies in its limited supply
- That’s why the businessman remains loyal to the asset
Paul Tudor Jones, a well-known investor, was interviewed by CNBC. He said he will always invest in bitcoin, because it is a unique asset. He has a fixed supply of 21 million coins:
“I said from the beginning that I would allocate a small amount to invest in bitcoin.
This is the one thing in which people cannot regulate supply. So I’m loyal to BTC.
And I will always stick to my strategy. It’s just a small diversification of my portfolio.”
The 68-year-old billionaire began buying bitcoin in 2017, when the rate was around $10,000. Then he sold his coins for $20,000, doubling his capital.
The next purchase was made by Jones in the spring of 2020, at the very beginning of the COVID-19 pandemic.
He started investing in BTC to hedge against inflation. The legendary investor predicted that the CPI would soon begin to rise because the authorities began to print fiat en masse.
As we can see, Tudor’s predictions came true. Jones now predicts that the Fed will no longer raise interest rates. He compared central bank policy to chemotherapy.
That is, high rates help for a short time, but it can’t last. Therefore, the regulator will return to balanced rates. That means markets and businesses will get a more stable outlook.
Investor fears will go down, and we could see a positive stock performance by the end of the year.