Bitcoin Marketcap
$1.87T
Gold Marketcap
$16.15T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.87T
Gold Marketcap
$16.15T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
6 May 2020 | | Price when published: $9,090 (ROI since: +988%)
Filed under: fundamentals articles
Paul Tudor Jones lays out the case for bitcoin. First describing where the world sits from a macro-economic perspective, PTJ takes us through he and his firm's process of arriving at the specific trades to position for the world we're now in. He concludes that bitcoin has by far the best expected-value against all other assets which can meaningfully serve as a store of value in an inflationary economic regime.
"At the end of the day, the best profit-maximizing strategy is to own the fastest horse. Just own the best performer and not get wed to an intellectual side that might leave you weeping in the performance dust because you thought you were smarter than the market. If I am forced to forecast, my bet is it will be Bitcoin."
"What was surprising to me was not that Bitcoin came in last, but that it scored as high as it did. Bitcoin had an overall score nearly 60% of that of financial assets but has a market cap that is 1/1200th of that. It scores 66% of gold as a store of value, but has a market cap that is 1/60th of goldβs outstanding value. Something appears wrong here and my guess is it is the price of Bitcoin"
"Bitcoin reminds me of gold when I first got in the business in 1976."
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