4 reasons why Paul Tudor Jones' 5% Bitcoin exposure advice is difficult for major funds
Cointelegraph
Published Jun 20, 2021 05:30PM ET
Updated Jun 20, 2021 07:00PM ET
In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week's consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the founder of Tudor Investment advocated for a 5% Bitcoin (BTC) portfolio allocation.
When combined, the world's 50 largest asset managers oversee $78.9 trillion in funds. A mere 1% investment in cryptocurrencies would amount to $789 billion, which more than Bitcoin's entire $723 billion market capitalization.
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Written By: Cointelegraph
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