When macro investor Paul Tudor Jones or PTJ confirmed that he was investing in Bitcoin, there was a rally in the crypto market. Many crypto traders welcomed his surprising move and found that it was one Trend reversal in the traditional sector.
Takeshi Fujimaki, a former advisor to George Soros, said on June 9 about Cointelegraph Japan’s Traders Live it was not a “surprise” listen to Jones’ revelation, given the current state of monetary inflation driven by the central bank.
Fujimaki is a former Japanese legislator and is known as the “Enemy of Kuroda” for his criticism of the Governor of the Bank of Japan, Haruhiko Kuroda. As a dealer, I was in close contact with PTJ. Fujimaki revealed the following:
“Louis Bacon, George Soros, Paul Tudor, Julian Rovertson … I talked to them on the phone a lot, met them in person and discussed a lot of things, these people have a similar attitude. They look long term and they start a big trend. Paul Tudor has joined the world of crypto assets, which means He takes concerns about inflation around the world seriously and believes that crypto assets will thrive in such circumstances“”
Fujimaki explains that When central banks flood the market with new money, the question arises of where everything will go.. He added, “I think it’s natural to convert money into cryptocurrency and Bitcoin, the ‘digital gold’.”
PTJ, the founder of Tudor Investment Corporation, announced last month that Bitcoin is part of its portfolio.. He cited “The Great Monetary Inflation” as the reason for buying Bitcoin and argued Bitcoin could be a hedge against inflation. “Bitcoin reminds me of gold when I started business in 1976,” he added.
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