Tudor Jones, Founder of Hedge Fund Tudor Investment Corporation Is A Bitcoin Bull!

It seems that more and more important people in the financial space are going full crypto. For instance, Tudor Jones seems to be a Bitcoin bull, so make sure to check out the latest reports about this.

The important and popular trader and billionaire hedge fund manager Paul Tudor Jones told CNBC’s “Squawk Box” that he’s sticking with bitcoin despite the regulatory pressures in the United States.

“From the beginning, I’ve always said that I want to have a small allocation [of bitcoin],” Jones said. “It’s the only thing that humans can’t adjust the supply [of].”

“I’m sticking with it. I’m always going to stick with it,” he added.

It’s really important to note the fact that Bitcoin (BTC) came up as a hedge against inflation in Jones’ conversation with Aaron Ross Sorkin.

The online publication Blockworks notes the fact that the two were previously discussing how quantitative easing and flat interest rates lasted all the way through 2021.

Jones said this policy contributed somewhat to the banking failures in 2023.

“Anyone that was listening to our Fed at that point in time was probably doing exactly what these banks did — extending maturities — because they were being told that inflation didn’t exist, and when it finally did come, it was transitory and rates were going to be low forever.”

Three widely popular crypto analysts have similar opinions that Bitcoin (BTC) is likely gearing up for a parabolic surge.

Crypto strategist Michaël van de Poppe said that Bitcoin is flashing bullish signals on the weekly chart.

According to the analyst, Bitcoin continues to trade above two crucial technical indicators on the weekly timeframe. This is reportedly happening despite its retreat from the key psychological resistance at $30,000.

“Bitcoin breaks upwards and tests $27,600.

Good signs.

Weekly timeframe: holding 200 moving average and exponential moving average.

I think we’re continuing towards $38,000-$42,000 from here.”