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25 January 2021

Billionaire Hedge Fund Manager Paul Tudor Jones Expects Bitcoin's Market Cap to Grow Beyond $500 Billion | News Bitcoin News

Billionaire Hedge Fund Manager Paul Tudor Jones Expects Bitcoin's Market Cap to Grow Beyond $500 Billion | News Bitcoin News


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Envisioning a bullish future similar to “the metals complex where you have precious crypto,” he says that $500 billion is the wrong market cap for bitcoin, given all the “possibilities that it has.” He expects that the path forward for bitcoin from here is “north.”.

Paul Tudor Jones was again asked about bitcoin in an interview on Yahoo Finance on Thursday.

He caught the attention of the crypto community in May when he wrote that bitcoin was a great inflation hedge and revealed that he put about 2% of his portfolio in the cryptocurrency.

It’s going to be a lot like the metals complex where you have precious crypto.

Furthermore, Jones noted: “Because of its finite supply, that might be the precious crypto.

So where you have gold as the precious metal, then you’ve got copper and platinum, palladium, etc?

You may have precious crypto and you may have industrial crypto.”.

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