Legendary hedge fund manager Paul Tudor Jones says he's still hanging on to his bitcoin and always will.
Legendary hedge fund manager Paul Tudor Jones said he's still hanging on to his bitcoin and always will. The founder of Tudor Investment and New York City's Robinhood Foundation told CNBC's "Squawk Box" Monday that he's "never sat on a horse that long." Jones began buying the cryptocurrency in 2020 as a hedge against inflation. At the time, he compared it to the gold trade back in the 1970s.
That's one of the main selling points for investors, who hope that as more people buy more of it, it will become more scarce and its value will increase further. Bitcoin reached an all-time high of more than $68,000 in 2021 and crashed down to the $15,000 level the following year. It's currently trading at about $27,000, according to Coin Metrics.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Paul Tudor Jones says stocks likely to finish 2023 higher because Fed is done hiking ratesHedge-fund titan Paul Tudor Jones says stocks can rise because Fed is done hiking rates, but believes the market's stuck in a 'massive. multiyear trading...
Leer más »
Bitcoin Has a 'Real Problem' in U.S.: Paul Tudor Jones.ptj_official said that bitcoin (BTC) has a 'real problem' as U.S. regulators are pitted against it. By JamieCrawleyCD
Leer más »
Larry ‘Gator’ Rivers, legendary Harlem Globetrotter, dies at 73Larry “Gator” Rivers, a legendary Harlem Globetrotter who wowed fans with his basketball skills, has died at 73. Rivers was a pivotal member of the first team with Black players to ever win the Georgia high school state basketball tournament. Sunday TODAY’s Willie Geist remembers a life well lived.
Leer más »
Legendary Producer Keith Shocklee on Being Part of Hip-Hop's Pre-HistoryShocklee helped create the early immersive soundscapes that fueled the urgency of rap music’s beginnings
Leer más »
Legendary poker player ‘Texas Dolly’ has diedThe former WSOP main event winner was remembered fondly on social media Sunday.
Leer más »
Giotto Bizzarrini, Legendary Ferrari 250GTO Engineer, Has Died at 96After starting as a test driver, Bizzarrini helped engineer the Ferrari 250GTO as well as the Lamborghini Miura and other classics of the mid-20th century.
Leer más »