Paul Tudor Jones jumps BTC recommendation from 1% to 5% of Total Assets

in #bitcoin3 years ago

Bitcoin gets a boost

Paul Tudor Jones was on CNBC today talking all things finance and crypto.

He said the FED is intentionally building a bubble right now that should be popped.

Irregardless, he says you got to own more inflation hedges which means btc and gold need to owned in greater amounts:

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(Source: https://twitter.com/100trillionUSD/status/1404452776948776965)

People putting 5% of the wealth into bitcoin might not sound like much but when everyone does it, it's a ton of money.

Plus on an individual basis, if bitcoin got wiped out, it's only 5% of your wealth and not going to put you on the streets.

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