<h4><strong>This time, he’s saying that he’s “long” on two big assets: gold and Bitcoin. </strong></h4>
<p>But what does that mean, and why does it matter? Let’s discover more about this important news about Bitcoin investments.</p>
<h5><strong>Paul Tudor Jones Backs Gold and Bitcoin as Smart Investments</strong></h5>
<p>First, let’s get to know a little more about Jones. He’s the founder of <a href="https://www.tudor.com/" target="_blank" rel="noopener noreferrer nofollow">Tudor Investment Corporation</a>, a hedge fund he started in 1980. Over the years, he’s become one of the richest and most successful investors in the world. He’s also known for being a conservationist and philanthropist, meaning he cares about the environment and gives a lot of his money to help others.</p>
<p>Now, back to his latest statement. When Jones says he’s “long” on gold and Bitcoin, he’s telling the world that he believes these assets will go up in value over time. In finance, being “long” means you’re betting that something will increase in price, so you buy it and hold onto it for a while.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">BREAKING: BILLIONAIRE HEDGE FUND MANAGER PAUL TUDOR JONES SAYS “I’M LONG GOLD, I’M LONG BITCOIN”</p>
 <p><a href="https://t.co/DYfsCjnkff" rel="noopener noreferrer nofollow">pic.twitter.com/DYfsCjnkff</a></p>
 <p>— DEGEN NEWS (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1848736037264101478?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h5><strong>Why Gold and Bitcoin?</strong></h5>
<p><a href="https://www.altcoinbuzz.io/?s=gold" target="_blank" rel="noopener noreferrer nofollow">Gold</a> has been a popular investment for centuries. People trust it because it’s a stable, physical asset that can hold its value, even when times are tough. Gold is often seen as a “safe haven,” something people turn to when the economy is shaky or when inflation is rising.</p>
<p>Bitcoin, on the other hand, is much newer. It’s a digital currency that has been gaining popularity in recent years.&nbsp; However, many people, including Jones, believe that Bitcoin could be the “gold of the future.” They see it as a way to store value and protect against inflation, just like gold. This is what Van Eck says about them:</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">WOW: Van Eck anticipates <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> could rise to $350K, capturing 50% of gold’s market capitalization. He also projects that <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> could surge to $2.9M by the year 2050. <a href="https://t.co/QoXNPybQ6V" rel="noopener noreferrer nofollow">pic.twitter.com/QoXNPybQ6V</a></p>
 <p>— Giannis Andreou (@gandreou007) <a href="https://twitter.com/gandreou007/status/1848635408118173799?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Bitcoin is different from traditional money because it’s decentralized. That means no single government or bank controls it. For people like Jones, this makes it attractive because it’s not tied to any one country’s economy. It’s like having an insurance policy in case the regular money system runs into trouble.</p>
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" class="alignnone wp-image-123700 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p>
<div class="youtube-embed" data-video_id="E_ah1ZNpOTY"><iframe title="UNEXPECTED Early Crypto Altcoin Opportunities (Time Sensitive!)" width="696" height="392" src="https://www.youtube.com/embed/E_ah1ZNpOTY?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/multimillionaire-paul-tudor-jones-im-investing-in-bitcoin/" rel="noopener noreferrer nofollow">Multimillionaire Paul Tudor Jones: “I’m Investing in Bitcoin”</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Multimillionaire Paul Tudor Jones: “I’m Investing in Bitcoin”

Altcoin Buzz

Other articles published on Oct 23, 2024

Crypto News Today (Oct 23rd, 2024): Fear & Greed Index Neutral | Bitcoin’s Dip—Correction or Pull...

OG Ethereum Whale Spotted Betting Big on Under $1 Altcoin Dubbed the Next Shiba Inu, 8,000x Price...

MakerDAO May Return as Core Brand After Sky Rebrand Faces Backlash

Weekly Article Recap: 10/07-10/11

Cointelegraph Accelerator opens applications for its upcoming cohort, offering investment to inno...

Cardano Founder Insists ADA Will Surpass Bitcoin and Ethereum, But Experts Think This Altcoin Cou...

Join our free newsletter for daily crypto updates!