Billionaire Paul Tudor Jones Likes BTC as Portfolio Diversifier

2 mins
14 June 2021, 14:57 GMT+0000
Updated by Ryan James
14 June 2021, 14:57 GMT+0000
In Brief
  • Jones considers bitcoin an inflation trade to protect wealth.
  • The billionaire admits he likes bitcoin as an investment due to certainty.
  • His comments come after increased prices and Fed uncertainty.
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American billionaire and hedge fund manager Paul Tudor Jones has admitted that Bitcoin is a portfolio diversifier, with the businessman saying he would put 5% of his capital into BTC.

In a recent interview with CNBC, Jones admitted that he “liked bitcoin.” The billionaire hedge fund manager compared bitcoin to the Federal Reserve, questioning his “faith in reliability and consistency of human nature” when looking at the FED of 2013 and 2021. 

Jones admitted that if the Fed acted nonchalantly, he would “go all-in on the inflation trades.” 

Inflation seeing crypto interest increase

Jones continued, saying “I would probably buy commodities, buy crypto, buy gold” Jones said. 

Jones continued to elaborate how he would invest his portfolio under the current situation. While 

the businessman admitted that he would likely hold 80% of his portfolio aside and wait to see what the FED is going to do, “what they do will have a big impact” he stated. 

Following Jones’ comments on liking bitcoin, he explained how he would invest the remaining 20% of his portfolio, saying “I want to have 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities at this point in time.”

Jones concluded his interview with CNBC stating that he liked bitcoin as part of his portfolio diversification. “For me, it’s just a way of kind of foundationally looking at how do I protect my wealth. Over time, it’s a great diversifier.” 

MicroStrategy buying more BTC 

Last week Michael Saylor’s MicroStrategy announced it was looking to offload $500 million in bonds to purchase more BTC. Today the company announced that it had successfully completed the $500 million offering. Which is due back in 2028, with an interest rate of 6.125% annually. 

5% in BTC is too little says Saylor 

Saylor also made a comment on Twitter regarding holding only 5% of your portfolio in bitcoin. Saylor stated, “If you invest 5% of your portfolio in bitcoin, you have made the decision to invest 95% of your portfolio in assets getting demonetized by bitcoin.


BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.