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Thursday

21 January 2021

After Bitcoin, Paul Tudor Jones Endorses Ethereum | Crypto Briefing

After Bitcoin, Paul Tudor Jones Endorses Ethereum | Crypto Briefing


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Jones said that he thought Bitcoin had the “wrong market cap” in comparison to equities and fiat currencies, suggesting that he believes in the number one crypto’s growth potential.

He added that he thinks the crypto space will be “a lot like the metals complex.” That is to say, Bitcoin would represent a precious metal such as gold, owing to its digital scarcity and legacy as the first crypto.

Jones said that he thinks a similar scenario could play out in the cryptocurrency space, with only a few projects likely to survive long-term. 

He also said that digital currencies are likely to see widespread adoption over the next two decades, and that “cash may be gone.” He concluded by saying that he will “assume the path forward is north,” in reference to the price of cryptocurrencies. 

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