BitMEX CEO Expects Paul Tudor Jones To Bring More Investors To The Crypto Market By Investing In Bitcoin
BitMEX CEO Expects Paul Tudor Jones To Bring More Investors To The Crypto Market By Investing In Bitcoin
May 9, 2020
BitMEX CEO Expects Paul Tudor Jones To Bring More Investors To The Crypto Market By Investing In Bitcoin
BitMEX CEO Expects Paul Tudor Jones To Bring More Investors To The Crypto Market By Investing In Bitcoin
May 9, 2020

Arthur Hayes, the CEO of cryptocurrency exchange BitMEX, expects that Paul Tudor Jones, a legendary hedge fund investor, will bring more big investors to the crypto market by investing in Bitcoin, as Jones activated massive excitement in crypto markets on May 8 (yesterday) by revealing that Bitcoin is part of his portfolio.

It has been reported that Hayes says that Jones has just removed career risk from investing in cryptos like Bitcoin. 

On May 7, he tweeted:

 “Expect a lot of beta fund managers to begin cooking some copypasta.”

However, Hayes is not alone in thinking that more institutional investors will follow Jones’ method to hedge against inflation risks.

On May 7, CNBC‘s Bitcoin baller, Brian Kelly (BK) and CNBC’s Fast Money traders discussed the potential impact of the billionaire investor’s Bitcoin news.

ALSO READ :  Swipe Expands Its Offering With Visa Card, Allows Users To Borrow Funds Using Blockchain Technology

Karen Finerman, the Co-founder and CEO of Metropolitan Capital Advisors and a CNBC Fast Money panelist, also believes that Jones is paving the way for more hedge funds and mainstream investors to get into Bitcoin.

Likewise, Finerman highlighted that people will feel more safe buying Bitcoin now that Jones has invested in it.

He added:

“Nobody wants to get outed having owned Bitcoin if it completely falls apart. But if you can say that Jones owns it also, maybe that gives you a little bit of cover.”

Moreover, Jones said that Bitcoin reminds him of the crucial role that gold played in the economic crisis of the 1970s.

According to CNBC’s BK, both Bitcoin and gold can do well in the current economic environment due to their common features, like a capped supply, as he says that Bitcoin will play a bigger role in the current environment due its digital and mobile nature.

ALSO READ :  Northern Trust Tests Trading Of Fractionalized Bonds On Blockchain

Thus, Kelly outlined that Bitcoin has a “much higher upside” and a better risk-to-reward.

Source: Cointelegraph | Image: Born2Invest


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!