Main navigation

Paul Tudor Jones Bets on Bitcoin v. Stocks and Bonds Due to Massive New Rate Hike

Tue, 3/05/2022 - 13:43
Paul Tudor Jones Bets on Bitcoin v. Stocks and Bonds Due to Massive New Rate Hike
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

As the U.S. Federal Reserve has been discussing raising interest rates by half a percentage point, the biggest hike in 20 years, billionaire Paul Tudor Jones has stated that it may be a bad idea to own stocks and bonds but he still believes in Bitcoin and crypto.

In his interview with CNBC's Squawk Box show, he shared that he still holds Bitcoin and is bullish on it.

"Preservation of capital is the only possible thing now"

Paul Tudor Jones has referred to the inflation that hit the U.S. throughout the 1970s. Back then, it first reached 5.5% and then gradually rose to 14.4% and rolled back slightly only in 1980.

Back then, Jones says, there were no assets that were able to bring any positive returns—not even gold.

The investor has shared that stocks and bonds are the last thing to hold these days and the only possible thing to try and strive for is to preserve one's capital, trying to lose as little as possible during rising inflation. This year, it has already reached 7%.

He stressed that most likely, currently, we have entered another rare period when it will hardly be possible to make money on the market.

We're in one of those very difficult periods where simply capital preservation is the most important thing we can strive for. I don't know if it's going to be one of those periods where you're actually trying to make money.

"It's hard to not want to be long on crypto"

When asked by the host whether he is still long on crypto, Jones admitted that he is still "modestly invested" and believes that the current rate hikes are going to ensure a bright future for his crypto investment.

He also added that "it is hard to not want to be long on crypto," presumably meaning Bitcoin, as intellectual capital is flowing into this space.

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

Paul Tudor Jones bets on BTC versus gold

In October 2021, Jones called Bitcoin a better inflation hedge than the traditional asset used for this—gold.

According to him, back then Bitcoin was winning the race against the precious metal as the economy was largely moving toward a digital world.

Back in October last year, gold was down 7% year-to-date and Bitcoin was up 121% over the same period of time, trading at $65,992. The all-time high was reached pretty soon after, when BTC hit $67,600 in November.

In November 2020, Paul Tudor Jones announced that he had converted 2% of his net worth into Bitcoin.


Latest Press Releases

Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards
ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Our social media
There's a lot to see there, too

Popular articles