Billionaire investor Paul Tudor Jones has made a massive investment in Bitcoin.
A $445 Million Bitcoin Gamble
Recent SEC filings reveal that Jones’s Tudor Investment Corporation significantly increased its holdings in BlackRock’s iShares Bitcoin Trust (IBIT). The fund now owns over 8 million shares, worth approximately $445 million – nearly double its previous stake.
Why Bitcoin?
Jones previously voiced his support for Bitcoin as a hedge against inflation and government mismanagement. He’s stated his belief that inflation is inevitable and that commodities, including Bitcoin and gold, are undervalued.
IBIT’s Size
The BlackRock iShares Bitcoin Trust currently holds a significant amount of Bitcoin, managing over 583,000 BTC with a total value exceeding $56 billion.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in any asset, especially high-risk investments like cryptocurrency./p>
