Paul Tudor Jones: Bitcoin Is In First Inning, Like Investing In Apple Or Google Early

Tony "The Bull" Severino

1 year ago

2 mins read

bitcoin paul tudor jones google steve jobs apple

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Earlier this year, billionaire hedge fund manager and philanthropist Paul Tudor Jones set off the institutional buying trend after he claimed Bitcoin would be the “fastest horse in the race against inflation.”

After the crypto asset’s recent rally, Jones was invited to comment on the price action on CNBC. There, he says he likes Bitcoin even better now than he did then, and claims it is still the “first inning,” comparing it to investing in Apple or Google “early.”

Paul Tudor Jones: “It Is Like Investing With Steve Jobs In Apple Or Investing In Google Early”

When Paul Tudor Jones revealed that he was considering using Bitcoin as a hedge against inflation, given its scarce, 21 million BTC supply, he at that point hadn’t fully understood the space.

Jones, in a new segment with CNBC regarding Bitcoin’s big bullish impulse yesterday, says he likes even Bitcoin better now. He still believes in the cryptocurrency’s use as a hedge against the dollar’s demise, but has since been impressed by the “kicker,” he calls “great intellectual capital” that backs Bitcoin.

“It’s like investing with Steve Jobs in Apple or Google early”

Can we just let PTJ run the marketing department from here on out? pic.twitter.com/kNVnKymg6U

— Felix Hartmann 🦇🔊 (@FelixOHartmann) October 22, 2020

He says it’s the only inflation hedge that comes equipped with a crowd-sourced army of geniuses aiming to establish the cryptocurrency as a “commonplace store of value.”

“It is like investing with Steve Jobs in Apple or investing in Google early,” Jones explained.

Since the beginning of 2020, the pandemic and the stimulus required to save the economy have proven Jones’ bet on Bitcoin to be correct.

Paul Tudor Jones' investment in Bitcoin is up 40% since the time it was announced publicly | Source: BTCUSD on TradingView.com

Early Adopter: Billionaire Hedge Fund Manager Says Bitcoin Is Still In The First Inning, Despite Decade Of ROI

Jones was early in terms of institutional money coming in, and retail investors from the crypto bubble were even earlier, however, the hedge fund manager claims that it is still the “first inning” for Bitcoin.

In baseball, for those that aren’t aware, there are a total of nine innings. Jones’ quote is in reference to just how early it is still to be getting into Bitcoin, despite its rise from a fraction of a penny to $13,000 yesterday.

It is the greatest performing asset of all-time, and the best performer in 2020 – the year of Bitcoin’s perfect storm.

Bitcoin has grown from an experiment in cryptographically, decentralized money, to a respected and mature financial asset. From the days of the dark web and buying pizzas for thousands of BTC, it is now massive publicly trading corporations buying similar sums, but in exchange for millions of dollars instead of dough and a handful of toppings.

Featured image from Deposit Photos, Chart from TradingView.com

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
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Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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