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

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

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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.

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