View full page at cryptocraft.com

 

Billionaire investor Paul Tudor Jones calls bitcoin 'the best inflation trade' as token surges above $13,000

From markets.businessinsider.com

Bitcoin recently spiked to its highest point since July 2019, and hedge fund manager Paul Tudor Jones expects inflation trends to boost the digital token even further. The world's largest cryptocurrency is up nearly 20% this month after breaking through key psychological levels and gaining approval from financial industry titans. Wednesday saw bitcoin rally above its previous 2020 peak to an intraday high of $13,229.37 before paring gains. The cryptocurrency now hovers just below $13,000, and the rally is still only in its "first inning," Jones said on CNBC. The Federal Reserve's updated policy framework will allow ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis