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Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
bitcoin certainty uncertainty math

Paul Tudor Jones: Bitcoin Is “100% Certain”

Tony Spilotro by Tony Spilotro
2 years ago
in BTC
Reading Time: 3 mins read
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Bitcoin price is back to around $40,000 but whether or not the bull market is over or not isn’t yet certain. What is certain, according to Paul Tudor Jones, is the cryptocurrency itself.

Not the asset or its price, but the underlying ironclad cryptographic code. Here’s why the billionaire investor has allocated as much as 5% of his wealth to Bitcoin – an asset he holds in equal amounts next to gold, cash, and other commodities.

Paul Tudor Jones: Keep Assets In Commodities, Cash, Gold, And Crypto

It was the shot heard around the world: Paul Tudor Jones had given Bitcoin a nod of approval, comparing the ultra scarce cryptocurrency to gold in the 1970s. At that time, the gold standard lost its dollar peg and was trading at around $32 an ounce. Today, it trades at just under $2,000.

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But the billionaire philanthropist believes that Bitcoin can be even better than gold, and labeled the cryptocurrency “the fastest horse in the race against inflation” back in May of last year. Since then he’s done nothing but double down on the emerging asset, comparing it to investing in a Apple or Google early.

Related Reading | Five Signs That The Bitcoin Bottom Is In

Now he’s back with more comments about Bitcoin, revealing that he now holds equal parts gold, cash, commodities, and crypto. Jones says that each are held in 5% increments, with the remainder on hold waiting to see what the Fed and the rest of central banks do next.

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bitcoin paul tudor jones uncertainty

The billionaire philanthropist and investing legend more than doubled down on BTC | Source: BTCUSD on TradingView.com

Sorry Humans: Bitcoin Is Math, “Is 100% Certain”

Paul Tudor Jones initially revealed a 2% allocation and has since upped it to 5% – as much as gold, cash or commodities. The reason the invest likes the digital asset so much, is because “Bitcoin is math.”

“Math has been around for thousands of years. Two plus two is gonna equal four and it will for the next two thousand years,” he said. ” I like the idea of investing in something that’s reliable, consistent, honest, and a hundred percent certain.”

“It’s a way for me to invest in certainty.”

Using the Biden and Trump administration as an example along with the Fed, Jones asks “do I want to have faith, in that same reliability and consistency in human nature?” The answer time and time again has been no, as history has proven money is regularly debased by the governments that issue it.

Related Reading | What The Last Leg Up In The Crypto Bull Market Could Look Like

Questions on if the investing icon liked the cryptocurrency at current prices were largely ignored, and instead Jones reiterated his stance: “I like Bitcoin.” You can watch the interview segment below.

"The only thing that I know for certain is I want to have 5% in #gold, 5% in #bitcoin, 5% in cash, 5% in commodities," said legendary investor @ptj_official. pic.twitter.com/9NoESxUYbN

— Squawk Box (@SquawkCNBC) June 14, 2021

Featured image from iStockPhoto, Charts from TradingView.com
Tags: bitcoinbtcbtcusdBTCUSDTcryptoxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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