Bitcoin Surges Towards $10k On Entrance From Famed Investor That Put “Hedge” In Hedge Fund

Paul Tudor Jones reveals position in bitcoin in new investor letter

Happy Thursday, Blockfolians

The Lede

“Paul Tudor Jones Buys Bitcoin as a Hedge Against Inflation.”

That’s the headline from Bloomberg, one of the dozens of mainstream business publications covering news that famed hedge fund investor Paul Tudor Jones has taken a significant position in bitcoin.

The news was revealed in Jones’ investor letter. You can read the relevant excerpt yourself, courtesy of a share from Swan Bitcoin.

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In case it’s not clear, this is a really, truly, BFD. We’ve been discussing how bitcoin was in a perfect storm moment coming into the halving, and this just puts it over the top.

Paul Tudor Jones on Trend Following

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Community Commentary

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A Really Big Number We Should Be Paying Attention To

>$3,000,000,000

That’s the amount that CoinShares traded last year in a just-revealed trading unit. Damn, Meltem!


Final Thought

Savage, and probably true