Bitcoin Marketcap
$1.70T
Gold Marketcap
$15.61T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.70T
Gold Marketcap
$15.61T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
In a CNBC interview this morning, Paul Tudor Jones emphasized that he likes BTC due its certainty, stating:
I like bitcoin. Right? Bitcoin is math. And math has been around for thousands of years. And two plus two is gonna equal four and it will for the next 2000 years. So I like idea of investing in something that's reliable, consistent, honest, and 100% certain. So bitcoin has appeal to me because it's a way for me to invest in certainty.
He went on to contrast bitcoin's certainty with the Federal Reserve, and US politics:
I look at the difference between the Fed at 2013, the Fed at 2021. How can this...do I want to have to faith necessarily....I look at the difference between Trump and Biden...do I want to have faith in that same reliability of human nature?
Finally, Mr Jones suggested a 5% bitcoin position as one of the few holdings he has sufficient conviction in given uncertainty surrounding Fed policy:
I like bitcoin as a portfolio diversifier... The only thing that I know for certain is that I want to have 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities, at this point in time. I don't know what I want to do with the other 80%. I want to wait and see what the Fed's gonna do, because what they do will have a big impact.
tldr