An unfriendly regulatory environment is a challenge for Bitcoin. About it in the interview CNBC said trader and founder of hedge fund Tudor Investment Paul Tudor Jones.
"Bitcoin has a real problem, because in the US the entire regulatory apparatus is set against it," the billionaire explained.
Another challenge for the first cryptocurrency, in his opinion, could be the weakening of the growth of consumer prices. In this case, the strategy of buying the asset as a hedge against inflation may "end", he explained.
Despite the risks, Tudor Jones said it remains committed to digital gold.
“From the beginning, I always said that I wanted to have a small asset allocation in Bitcoin. It is the only asset whose emission cannot be controlled by humans. […] I will always remain in the position,” he added.
We will remind, in October 2022, Tudor Jones announced that he continues to keep the first cryptocurrency in his portfolio.
In June 2021, Jones promised that he would send 5% of his capital to Bitcoin due to Fed policy. At the time, he opined that digital gold promotes diversification through "built-in math."
He previously estimated his bitcoin assets at $100 million. At that time, this was equivalent to 1-2% of his fortune.
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