Paul Tudor Jones Discloses Bitcoin Stake - Bloomberg

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May 7, 2020 12:55 PM UTC

Famed hedge fund manager Paul Tudor Jones disclosed a new Bitcoin stake, according to Bloomberg. Jones said Bitcoin reminds him of gold in the '70s.

The hedge fund manager disclosed the new Bitcoin allocation in a letter to clients and called it a great hedge against 'great monetary inflation.'

Jones said the "best profit-maximizing strategy is to own the fastest horse." He said his bet is that will be Bitcoin.

Jones said his fund may hold as much as a low single-digit percentage of its assets in Bitcoin futures.

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