Legendary hedge fund manager Paul Tudor Jones told CNBC today that "over 1% <...> maybe it's almost 2%" of his assets are in bitcoin (BTC).
"That seems like the right number right now," he said, adding that he believes that Wall Street could be witnessing the historic "birthing of a store of value" through BTC.
As reported, last week, in a letter to his clients, Jones said that he has authorized his hedge fund – Tudor BVI – to allocate “a low single digit” of its assets to bitcoin futures contracts. At the end of March, the fund had over USD 21 billion in assets under management. If the fund would allocate 1%, it would mean an investment of around USD 210 million.
“Well, #COVID19 happened. And the great monetary inflation happened,” says Paul Tudor Jones on why he now believes… https://t.co/TmW8huL3UO
— Squawk Box (@SquawkCNBC)
