Bitcoin Rally "Only in the First Inning" says Billionaire Paul Tudor Jones
Plus rumors of PayPal crypto acquisitions
Happy Thursday, Blockfolians
The bulls, they are on parade. We’ve got:
The PayPal news (plus new info that they’re looking to acquire crypto companies)
Another public firm putting treasury reserves into bitcoin
And then this. Paul Tudor Jones, who earlier this year shared his “Great Monetary Inflation” thesis and companion bitcoin investment, was back on CNBC extolling the virtues of BTC.
Not only did he say that the bitcoin rally was only in its ‘first inning,’ he also made it clear that he views it as a pro-humanity technology, as compared to other safe haven assets.
Oh, and we’re still rocking and rolling above $13,000.
Get it fam.
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$50,000 BTC in 2021?
A Really Big Number We Should Be Paying Attention To
That’s the aggregate open interest in bitcoin options - an all time high as the market soars on a wave of bullish news
He’s not wrong.