Sunday, December 4

Tag: Investing

Billionaire investor Paul Tudor Jones says he’s loading up on bitcoin (GBTC) | Currency News | Financial and Business News
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Billionaire investor Paul Tudor Jones says he’s loading up on bitcoin (GBTC) | Currency News | Financial and Business News

REUTERS/Eduardo Munoz Billionaire investor Paul Tudor Jones is buying bitcoin, Bloomberg reported Thursday. The hedge fund manager said his fund may hold as much as a low single-digit percentage of its assets in bitcoin futures to help protect against a rise in inflation, according to the report. Paul Tudor Jones is the founder and CEO of Tudor Investment Corp., which managed $38.4 billion as of March 30, according to data from the SEC. Visit Business Insider's homepage for more stories. Billionaire hedge fund manager Paul Tudor Jones is buying bitcoin, Bloomberg reported on Thursday. Jones told his clients in a market outlook note that he believes bitcoin will serve as a hedge against a jump in inflation he thinks is coming, due to central banks printing money and sharply expanding...
A hedge-fund chief overseeing $2 billion shares 5 reasons he sees bitcoin surging 900% by the end of 2021 as Paul Tudor Jones dives into the asset | Currency News | Financial and Business News
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A hedge-fund chief overseeing $2 billion shares 5 reasons he sees bitcoin surging 900% by the end of 2021 as Paul Tudor Jones dives into the asset | Currency News | Financial and Business News

Reuters / Dado Ruvic Mark Yusko, the CEO and chief investment officer at Morgan Creek Capital Management, shared several reasons he thinks bitcoin's price will hit $100,000 by the end of 2021. Yusko said it would be "perfectly logical" for bitcoin to hit $400,000 to $500,000 if its market capitalization moves toward that of gold. The call comes after the legendary investor Paul Tudor Jones' recent disclosure that he's built a stake of bitcoin futures, making him the latest investment mogul to buy the cryptocurrency. Click here for more BI Prime stories. With the legendary investor Paul Tudor Jones disclosing purchases of bitcoin futures for the first time, it's become increasingly clear that market denizens who were once skeptical about the cryptocurrency are revisiting t...
Crypto market grows by $13 billion as bitcoin breaks the $10,000 threshold for the first time since February | Currency News | Financial and Business News
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Crypto market grows by $13 billion as bitcoin breaks the $10,000 threshold for the first time since February | Currency News | Financial and Business News

Reuters The cryptocurrency market added $13 billion in value over the past day as bitcoin jumped more than 6% Thursday evening. Bitcoin has rallied more than 100% from its March 16 low and has eclipsed $10,000 for the first time since February. The three major reasons for the move include anticipation of the next bitcoin halving, institutional investors adding exposure, and the perception that bitcoin would protect against a surge in inflation. Visit Business Insider's homepage for more stories. Bitcoin jumped 6% on Thursday, causing a $13 billion surge in market value for the entire cryptocurrency market, according to data from Coindesk. The entire cryptocurrency market is worth a combined $267 billion as of Friday morning, data from CoinMarketCap shows.  The to...
From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown
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From precious metals to loans on the brink of default: Investors are flocking to these assets after the coronavirus market meltdown

Mike Segar/Reuters Periods of widespread selling and cash-hoarding shifted the sands of the investing landscape to reveal new opportunities. Several of Wall Street's biggest firms are raising billions of dollars to pile into distressed debt, viewing the Federal Reserve's relief measures as a backstop for ailing corporations. Significant spending on coronavirus relief measures will drag on global currencies, Bank of America projected, setting gold up to skyrocket through the economic downturn. Even bitcoin is breaching key thresholds, and some investors are turning to the volatile asset for the first time "as a hedge against currency wars," Ed Moya, senior market analyst at OANDA, wrote Thursday. Visit the Business Insider homepage for more stories. Weeks of ...