Billionaire Paul Tudor Jones: Bitcoin Is Undervalued Relative to Stocks and Gold

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Billionaire Paul Tudor Jones: Bitcoin Is Undervalued Relative to Stocks and Gold

On Thursday (December 3), with Bitcoin consolidating around $19,400, legendary billionaire macro investor Paul Tudor Jones II (aka “PTJ”), explained why he believes that Bitcoin is currently undervalued.

PTJ, who is the Founder and the Chief Investment Officer (CIO) of asset management firm Tudor Investment Corporation (aka “Tudor”), made his comments regarding Bitcoin during an interview earlier today with Yahoo Finance correspondent Julia La Roche.

La Roche started this segment of the interview by asking PTJ what he thinks about cryptocurrencies in the context of his portfolio.

PTJ replied:

“Again, I’m not an expert on Bitcoin by any stretch. It’s just what the market cap of $500 billion… it’s the wrong market cap in a world where you’ve got $9 trillion worth of equity market cap and God knows how many trillions of fiat currency etc… so it’s the wrong market cap for instance relative to gold, which is eight or nine trillion [dollars].











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