Despite the ongoing market crash, Tudor Jones remains bullish on the largest cryptocurrencies.
Legendary billionaire hedge fund manager Paul Tudor Jones revealed that he still holds a small portion of bitcoin while stating that the U.S. economy might be going into recession or already is in one.
Speaking about cryptocurrency, the hedge fund manager said Bitcoin and Ethereum could rise in value in the future amid inflation. However, Jones did not state when the potential price increases of both crypto assets would happen. While central banks can print excessive amounts of money, the situation is not the same for bitcoin, as the asset’s supply is capped at 21 million. Ethereum, meanwhile,
between 1% and 3% of his portfolio in BTC in May 2020 to protect himself against potential increasing inflation in the U.S.in bitcoin, stating that the crypto asset is secure, honest, and 100% reliable.
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