As of late October 2020, billionaire hedge fund manager Paul Tudor Jones revealed that he owns around 1% of all outstanding Bitcoin. This means that Jones owns approximately $5.
8 billion worth of Bitcoin, making him one of the largest known institutional holders of the cryptocurrency.
Jones’ investment in Bitcoin is part of a larger trend of institutional investors increasing their exposure to the asset class in recent months. Jones himself has said that he believes Bitcoin is in the early stages of a long-term bull market that could see the asset’s price rise to $500,000 or more over the next few years.
There are a number of reasons why Jones and other institutional investors are turning to Bitcoin. Firstly, Bitcoin’s fixed supply makes it an attractive store of value in an era of quantitative easing by central banks around the world.
NOTE: This warning is to remind readers that Paul Tudor Jones does not publicly disclose the amount of Bitcoin he owns. Any information posted online about the amount of Bitcoin owned by Paul Tudor Jones should be taken with a grain of salt and verified with reliable sources before being believed.
Secondly, Bitcoin is becoming increasingly mainstream, with a growing number of businesses and financial institutions beginning to accept it as payment.
It remains to be seen how much further Jones and other institutional investors will increase their exposure to Bitcoin, but it is clear that the asset is becoming more and more popular with the investment community.
In conclusion, Paul Tudor Jones owns around 1% of all outstanding Bitcoin, which equals to approximately $5.8 billion worth of the cryptocurrency.
With central banks printing more money and businesses beginning to accept Bitcoin as payment, it’s likely that Jones and other institutional investors will continue to increase their exposure to the asset class in the months and years ahead.
10 Related Question Answers Found
When it comes to investing, there are few people more famous than Paul Tudor Jones. The billionaire hedge fund manager has made a name for himself by correctly predicting some of the biggest financial events in history, including the 1987 stock market crash. So when Jones announced in May that he had put some of his money into Bitcoin, it sent shockwaves through the financial world.
Barry Silbert is the CEO and founder of Digital Currency Group, a venture capital firm that specializes in digital currencies and blockchain technology. He is also a well-known investor in the digital currency space, with a portfolio that includes some of the most successful and well-known cryptocurrencies. So, how much Bitcoin does Barry Silbert own?
As of early 2018, Roger Ver is thought to own approximately $52 million worth of Bitcoin. This makes him one of the most prominent Bitcoin investors and evangelists in the world. While the exact amount of Bitcoin he owns remains unknown, it is clear that he has been a major force in helping to drive up the price of Bitcoin in recent years.
On October 1, 2020, popular American media personality Dave Portnoy announced that he had bought his first ever Bitcoin. This sent shockwaves throughout the crypto community, as Portnoy is known for his love of gambling and investing in high-risk assets. In his announcement video, Portnoy said that he had bought $250 worth of Bitcoin.
Warren Buffett, the world’s most successful investor, has never been a fan of Bitcoin and other cryptocurrencies. In fact, he has been quite vocal about his disdain for the asset class. In an interview with CNBC in 2018, Buffett said that he would never invest in Bitcoin because it “defies logic”.
“I can say almost with certainty that cryptocurrencies will come to a bad end,” Buffett told CNBC.
It is no secret that Raoul Pal, the hedge fund manager and economist, is a Bitcoin believer. He has been buying and accumulating the digital currency since 2012 and is now one of the largest individual holders of Bitcoin. But just how much Bitcoin does Pal own?
Craig Wright, the self-proclaimed creator of Bitcoin, has been in the news a lot recently. He has been accused of faking his involvement with the cryptocurrency, and many people are wondering how much Bitcoin he actually has. Wright has claimed to have 1.1 million Bitcoin, which would make him one of the richest people in the world.
The U.S. government owns a lot of Bitcoin — but how much, exactly? That’s a question that’s difficult to answer, because the government doesn’t disclose how much Bitcoin it owns.
Michael Saylor is the founder, CEO, and president of MicroStrategy, a publicly traded business intelligence company. He is also a well-known bitcoin advocate. In September 2020, his company made a major investment in bitcoin, purchasing 21,454 BTC for $250 million.
It’s no secret that Michael Novogratz is a big fan of Bitcoin. The former hedge fund manager has been a vocal advocate of the digital currency for years, and his investment firm, Galaxy Digital, is one of the leading investors in Bitcoin and blockchain technology. But just how much Bitcoin does Novogratz own?
