{"id":447430,"date":"2020-10-22T20:00:08","date_gmt":"2020-10-22T20:00:08","guid":{"rendered":"https:\/\/wncen.com\/?p=447430"},"modified":"2024-06-11T14:07:27","modified_gmt":"2024-06-11T14:07:27","slug":"paul-tudor-jones-bitcoin-is-in-first-inning-like-investing-in-apple-or-google-early","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/paul-tudor-jones-bitcoin-is-in-first-inning-like-investing-in-apple-or-google-early\/","title":{"rendered":"Paul Tudor Jones: Bitcoin Is In First Inning, Like Investing In Apple Or Google Early"},"content":{"rendered":"

Earlier this year, billionaire hedge fund manager and philanthropist Paul Tudor Jones set off the institutional buying trend after he claimed Bitcoin would be the “fastest horse in the race against inflation.<\/a>”<\/p>\n

After the crypto asset’s recent rally, Jones was invited to comment on the price action on CNBC. There, he says he likes Bitcoin even better now than he did then, and claims it is still the “first inning,” comparing it to investing in Apple or Google “early.”<\/p>\n

Paul Tudor Jones: “It Is Like Investing With Steve Jobs In Apple Or Investing In Google Early”<\/h2>\n
When Paul Tudor Jones revealed that he was considering using Bitcoin<\/a> as a hedge against inflation, given its scarce, 21 million BTC supply, he at that point hadn’t fully understood the space.<\/p>\n
Jones, in a new segment with CNBC regarding Bitcoin’s big bullish impulse yesterday, says he likes even Bitcoin better now. He still believes in the cryptocurrency’s use as a hedge against the dollar’s demise, but has since been impressed by the “kicker,” he calls “great intellectual capital” that backs Bitcoin.<\/p>\n
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\u201cIt\u2019s like investing with Steve Jobs in Apple or Google early\u201d <\/p>\n
Can we just let PTJ run the marketing department from here on out? pic.twitter.com\/kNVnKymg6U<\/a><\/p>\n
— Felix Hartmann \ud83e\udd87\ud83d\udd0a (@FelixOHartmann) October 22, 2020<\/a><\/p><\/blockquote>\n