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Tudor Jones makes bull case for bitcoin: 'The path forward from here is north'
video Paul Tudor Jones is embracing a “hodl mentality” on Bitcoin (BTC-USD). The cryptocurrency, which scaled a record high this week, is on a "crazy rocket ship ride” that’s set to go higher, according to the veteran investor and trader. While Jones doesn't consider himself a cryptocurrency expert "by any stretch," he told Yahoo Finance that he expects the digital coin will be "substantially higher" in 20 years. On Thursday, Bitcoin — which has surged 113% since May — was trading north of $19,300 with a $359.37 billion market cap. "In a world where you've got $90 trillion worth of equity market cap and ... (full story)
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Bitcoin Undervalued Relative to Gold, Equities, Tudor Jones Says
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 ... (full story)
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