on the crypto
Hedge fund legend man Paul Tudor Jones created a shock wave in the investment world last week following the announcement of his decision to buy Bitcoin futures.
"There may be a growing affirmation of Bitcoin"
Jones is among the top hedge fund managers to firmly support the leading global cryptocurrency. His investment thesis touches on the deepest reasons why BTC may emerge as the main hedge against inflation which Jones believes will follow a rapid rise due to the printing of money by central banks.
“Since February, a global total of $ 3,9 trillion (6,6% of global GDP) has been magically created through quantitative easing. We are witnessing the Great Monetary Inflation (GMI) - an unprecedented expansion of all forms of money, very different from anything the developed world has ever seen ...
Quite often, the way the markets react will run counter to your needs. But remember, P&L always wins in the long run. With that in mind, in a world that craves new safe assets, there could be a growing affirmation for Bitcoin, ”Jones told the media.
"At the end of the day, the best profit maximization strategy is to own the fastest horse."
Jones is keen to point out that he is not exactly the usual demiurge of the average cryptocurrency investor. Rather, it is trying to take a practical approach to analyzing Bitcoin's potential to be a gold-like asset.
“At the end of the day, the best profit maximization strategy is to have the fastest horse. Aim to have only the best performer and not be influenced by an intellectual character that could leave you crying in the dust of performance because you thought you were smarter than the market. If I am forced to say my prediction, my bet is that it will be Bitcoin. "
The pandemic is speeding up Bitcoin's claim process
Jones also talks about Bitcoin's fixed offer of 21 million coins as a singular feature that brings out the leading cryptocurrency among all other businesses. The limited offer of Bitcoin is the first of the reasons why there is a bullish dynamic on Bitcoin, together with the rampant digitization of the cryptocurrency.
It is mainly thanks to these characteristics that today Bitcoin is well positioned to capitalize on the global movements inevitably influenced by the coronavirus pandemic. Jones added: “The most compelling argument for owning Bitcoin is the imminent digitization of the currency everywhere, accelerated by COVID-19…
The probable introduction of the Facebook Libra (whose value will be anchored to the US dollar and will not be a valuable asset in this sense), as well as the Chinese DCEP, also linked to the yuan, will make virtual digital wallets a common tool for the world. It will make Bitcoin's understanding, usefulness and ease of ownership a much more common option than it is today. ”
And how are you exchanging your Bitcoins while waiting for Libra to arrive? We recommend using automatic trading software like Bitcoin Pro. Check it out and let us know in the comments what you think.
