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Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in 'First Inning': Report

Jones said he has been surprised by the "intellectual capital" behind bitcoin.

Oct 22, 2020 at 1:45 p.m. UTC
Updated Sep 14, 2021 at 10:22 a.m. UTC

Paul Tudor Jones II, a billionaire pioneer of the modern hedge fund industry, said he's even more bullish on bitcoin and lauded the "intellectual capital" behind the leading cryptocurrency in a Thursday interview on CNBC.

  • Jones said he has been "surprised" by the "enormous contention of really, really smart and sophisticated people who believe" in bitcoin and work to see it adopted as a store of value, a group that Jones referred to as the "great intellectual capital" behind bitcoin.
  • "I like bitcoin even more now than I did then," Jones said, referring to his May appearance on the show when he announced a single-digit percentage portfolio allocation to bitcoin. "I think we're in the first inning of bitcoin."

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