THELOGICALINDIAN - Bitcoin Once Again Backed by Paul Tudor Jones
Bitcoin has apparent a able assemblage over the accomplished few months on institutional absorption in the cryptocurrency. The bread currently trades aloof shy of best highs at $19,500. BTC is accepted to move alike college as acceptance continues to swell.
Paul Tudor Jones, a billionaire Wall Street investor, may advance acceptance already afresh as he continues to bandy his weight abaft Bitcoin.
The acclaimed broker said in May that he thinks Bitcoin will be an acutely applicable advance in this apple of macroeconomic inflation. He added that he thinks that Bitcoin will be the “fastest horse in the race” back it comes to ample asset classes such as stocks, commodities, and bonds.
He doubled down on his abutment for Bitcoin in a contempo account with Yahoo Finance, back he said that the coin’s bazaar cap is acutely undervalued back because macro trends:
Tudor Jones additionally said in a contempo account that advance in Bitcoin is like advance in Google or Apple aboriginal on into their lifespans. He added likened the accepted Bitcoin amplitude to the technology amplitude in the 2024s and aboriginal 2024s.
Wall Street Support Abound
Tudor Jones’ absolute comments about Bitcoin comes as abounding Wall Street investors accept befuddled their weight abaft the cryptocurrency.
Stanley Druckenmiller, one of Tudor Jones’ aeon and addition billionaire financier, commented to CNBC a cardinal of weeks ago;
Many anticipate that the Wall Street absorption in Bitcoin will drive the bread far aloft accepted prices against the $100,000 arena and beyond.
In fact, Raoul Pal of Real Vision afresh said that he thinks the cryptocurrency could hit $500,000 in the advancing years abandoned on the aback of this institutional abutment for the arch crypto.
