Market Cap, Paul Tudor Jones, Institutional Adoption

Storied hedge fund manager Paul Tudor Jones is betting on bitcoin as the “brand name†cryptocurrency.

  • Speaking in a Thursday interview with Yahoo Finance, Tudor Jones said that “$500 billion is the wrong market cap [for bitcoin] in a world where you’ve got $90 trillion equity market cap and God knows how many trillions in fiat currency.” Bitcoin’s current market cap is $359 billion.
  • Tudor Jones said he is certain that sovereign digital currencies will dominate economies and finance in 20 years. “Cash may be gone,” he said, “and so in that world where does bitcoin fit in?”
  • “I’m going to assume that it’s at the wrong price for the possibilities that [bitcoin] has and I’m going to assume that the path forward from here is north,” said Jones, who compared the difficulty in valuing bitcoin to the difficulty of valuing internet stocks in that sector’s early days.
  • He also compared alternative cryptocurrencies to “industrial metals” that may well have market value in the future. But he’s personally sticking with the “brand name” crypto, bitcoin.
  • Tudor Jones revealed in May that bitcoin comprises 1% to 2% of his multi-billion-dollar portfolio.
Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Bitcoin FOMO and Paul Tudor Jones Led Stan Druckenmiller to Invest Millions in BTC

Billionaire Stanley Druckenmiller has shared how he got into bitcoin and it involved famed hedge fund manager Paul Tudor Jones. When bitcoin was going up, Druckenmiller said, “I just couldn’t stand the fact that it was going up and I didn’t own it … I felt like a moron.†Paul Tudor Jones, Stan Druckenmiller, and […]

Xem chi tiết: Bitcoin FOMO and Paul Tudor Jones Led Stan Druckenmiller to Invest Millions in BTC

Bitcoin FOMO and Paul Tudor Jones Led Stan Druckenmiller to Invest Millions in BTC

Billionaire Stanley Druckenmiller has shared how he got into bitcoin and it involved famed hedge fund manager Paul Tudor Jones. When bitcoin was going up, Druckenmiller said, “I just couldn’t stand the fact that it was going up and I didn’t own it … I felt like a moron.†Paul Tudor Jones, Stan Druckenmiller, and […]

Xem chi tiết: Bitcoin FOMO and Paul Tudor Jones Led Stan Druckenmiller to Invest Millions in BTC

Crypto Consolidation Continues — Bitcoin’s Attempt to Rise Above Psychological Levels Falls Short

Digital currency markets have slid in value over the last 12 hours as the entire crypto-economy has lost over 7% during the last 24 hours. Bitcoin attempted to cross the $40k handle but was stopped at $39,490. Since then, bitcoin has dipped 7.3% during the early morning (EST) trading sessions on Friday. Bitcoin $40K Attempt […]

Xem chi tiết: Crypto Consolidation Continues — Bitcoin’s Attempt to Rise Above Psychological Levels Falls Short

Survey: Crypto Traders Predict Ethereum’s ROI to ‘Crush’ Bitcoin’s 2021 Year-End Return

Bitcoin and a slew of digital assets have seen massive drops in value during the last few days, while the top two leading crypto assets bitcoin and ethereum have been battling for market supremacy. This week, bitcoin’s towering dominance over the crypto economy has dropped to a three-year low tapping 41.9%, while ethereum’s market cap […]

Xem chi tiết: Survey: Crypto Traders Predict Ethereum’s ROI to ‘Crush’ Bitcoin’s 2021 Year-End Return

Survey: Crypto Traders Predict Ethereum’s ROI to ‘Crush’ Bitcoin’s 2021 Year-End Return

Bitcoin and a slew of digital assets have seen massive drops in value during the last few days, while the top two leading crypto assets bitcoin and ethereum have been battling for market supremacy. This week, bitcoin’s towering dominance over the crypto economy has dropped to a three-year low tapping 41.9%, while ethereum’s market cap […]

Xem chi tiết: Survey: Crypto Traders Predict Ethereum’s ROI to ‘Crush’ Bitcoin’s 2021 Year-End Return

Osprey Polkadot Trust Arrives as Institutional Interest in Altcoins Swells

The newest investment trust tracking polkadot echoes other moves by the fund manager to make cryptos accessible via traditional equity markets and satisfy growing investor demand as interest in ETPs mounts. Low-Fee Offering to be Launched on OTCQX Market Bitcoin may have been the first crypto to make a splash in traditional financial markets via […]

Xem chi tiết: Osprey Polkadot Trust Arrives as Institutional Interest in Altcoins Swells

Market Update: Bitcoin Bulls Bounce Back, Dogecoin Slumps, XRP Jumps 18%

Digital currency markets have been regaining some of the losses felt last week as the entire crypto-economy has jumped back over the $2 trillion valuation mark. Bitcoin has risen above the $55k zone, while other digital assets have seen more precipitous gains. Out of the top ten leading crypto assets on Tuesday, XRP and UNI […]

Xem chi tiết: Market Update: Bitcoin Bulls Bounce Back, Dogecoin Slumps, XRP Jumps 18%

Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People

Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African customers in 2020, also reveals that “around 65% of Luno’s […]

Xem chi tiết: Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People

XRP Surpassed the $1 Mark After Token Doubled Value in Just Seven Days

JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K

Crypto M&A Deals Set a New Record in 2020, Surging to $1.1 Billion

Bitcoin’s Watershed Moment- Crypto Asset Commands a $1 Trillion Market Capitalization

Crypto-Centric VC Fund Lures in Billionaire Investor Paul Tudor Jones and Rapper LL Cool J

Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses

Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption

Crypto Prices Consolidate, Handful of Altcoin Markets Pop, Bitcoin Accumulation Addresses Rise

Other Articles