Paul Tudor Jones Backs Bitcoin, Suggests 5% Allocation For Investors

Paul Tudor Jones, founder of the Tudor Investment Corporation, recently made statements railing against what he perceived as the United States Federal Reserve’s ‘transitory’ pronouncements on the status of Bitcoin.According to Tudor Jones, Bitcoin’s current $2 trillion market capitalization was due to a “dichotomy” in Federal Reserve policy wherein the credibility of Bitcoin was put into question. As Bitcoin experiences a current consolidation period passing once again the $40,000 level, a market breakout is predicted to follow soon.