Paul Tudor Jones jumps BTC recommendation from 1% to 5% of Total Assets
Bitcoin gets a boost
Paul Tudor Jones was on CNBC today talking all things finance and crypto.
He said the FED is intentionally building a bubble right now that should be popped.
Irregardless, he says you got to own more inflation hedges which means btc and gold need to owned in greater amounts:
(Source: https://twitter.com/100trillionUSD/status/1404452776948776965)
People putting 5% of the wealth into bitcoin might not sound like much but when everyone does it, it's a ton of money.
Plus on an individual basis, if bitcoin got wiped out, it's only 5% of your wealth and not going to put you on the streets.