Share this article
Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in 'First Inning': Report
Jones said he has been surprised by the "intellectual capital" behind bitcoin.
By Zack Voell
Updated Sep 14, 2021, 10:22 a.m. Published Oct 22, 2020, 1:45 p.m.
Make us preferred on Google
Paul Tudor Jones II, a billionaire pioneer of the modern hedge fund industry, said he's even more bullish on bitcoin and lauded the "intellectual capital" behind the leading cryptocurrency in a Thursday interview on CNBC.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Jones said he has been "surprised" by the "enormous contention of really, really smart and sophisticated people who believe" in bitcoin and work to see it adopted as a store of value, a group that Jones referred to as the "great intellectual capital" behind bitcoin.
- "I like bitcoin even more now than I did then," Jones said, referring to his May appearance on the show when he announced a single-digit percentage portfolio allocation to bitcoin. "I think we're in the first inning of bitcoin."
Read also: PayPal Embraces Crypto, Igniting Market as Mainstream Adoption Inches Closer
More For You
More For You
Ledn raises $188m with first bitcoin backed bond sale in asset backed market
Crypto lender packages more than 5,400 bitcoin collateralized loans into first asset backed securities transaction of its kind.
What to know:
- Ledn sold $188m of bonds backed by 5,400 bitcoin collateralized consumer loans, with an investment grade tranche priced at +335 basis points.
- Automated liquidation of bitcoin collateral helped shield asset backed security investors even as the token fell.
Top Stories
