What Tudor Jones' Bitcoin Investment Means for Other Institutional Investors and Bitcoin

Written by andreabianconi | Published 2020/05/16
Tech Story Tags: bitcoin | bitcoin-price | bitcoin-as-store-of-value | store-of-value | digital-gold | latest-tech-stories | bitcoin-investment | bitcoin-adoption

TLDR Wall Street investor Paul Tudor Jones said his hedge fund will start trading bitcoin futures to gain an exposure to bitcoin of approx 2% of their total investment portfolio. The decision is so far the most important catalyst to attract institutional money to the crypto sector. Bitcoin has a market cap of only US$ 176 billion — i.e. 1/1200th of financial assets and 1/60th of gold. The point is that bitcoin is not an investment and cannot be compared with and valued as any other assets. Bitcoin's scarcity by design is a feature which makes it really unique.via the TL;DR App
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Written by andreabianconi | CONTACT ME AT [email protected]
Published by HackerNoon on 2020/05/16
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