Sunday, May 28, 2023

Paul Tudor Jones: “I Will Always Have Bitcoin in My Wallet”

Wall Street billionaire and fund manager Paul Tudor Jones has defended the use of or change in, the supply of bitcoin (BTC). As you said, this is why you will always have BTC in your wallet.

one in Interview This Monday, May 15, on the Squawk Box program broadcast by CNBC, the seasoned investor sheds light on There has always been a small proportion of BTC in his portfolio And he plans to continue doing so.

“Bitcoin is the only thing that humans can’t adjust the supply for. And that’s why I’m sticking with it, I’m always going to be with it, it’s just a little bit of diversification of my portfolio,” Tudor Jones said.

Along with this, Tudor Jones made indirect references to fiat money and other centralized assets, such as gold, for example, The supply of which can be completely modified by the issuers.

In the precise case of national wealth, its supply is at the mercy of the central bank of any country. Generally speaking, this state’s power over money generates economic distress, such as high inflation, considering the theory of The issue is equal to inflation.

“Bitcoin Has a Serious Problem in the United States”

Tudor Jones also pointed out that Bitcoin and its market have “a problem” in the United States. it, because of redundancy on the part of the authorities in the crypto asset sector.

“Bitcoin has a serious problem because the US has a whole regulatory system against it,” he said.

As reported by Cryptonoticious, America is raising regulatory pressure On the cryptocurrency sector this has led to enforcement actions, prosecutions, and flagging by major regulators.

One such regulator is the Securities and Exchange Commission (SEC), which since last year has taken action against exchanges Coinbase, Binance, Kraken, and Bittrex, among others.

Bittrex filed for bankruptcy last week and the community criticized the SEC’s responsibility in the said bankruptcy, alleging that the regulatory body launched a regulatory pursuit against the company of cryptocurrency.

World Nation News Desk
World Nation News Desk
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