Paul Tudor JonesII, born on September 28, 1954, is a very early hedge fund manager in the United States. Jones founded the investment agency Tudor Investment when he was only 25 years old, and achieved great popularity during the two financial crises in 1987 and 2008. It has also set a record of achieving an investment rate of more than 99% for five consecutive years and no loss for 28 consecutive years. On October 19, 1987, historically known as Black Monday, the stock market crashed sharply in one day. According to records, global losses were estimated at $1.7 trillion at the time, which further triggered the Great Depression. One of Jones's legends, however,
was his success in predicting the crash and making a $100 million bearish run, for which he is also known. Jones is ranked 320th on the 2020 Forbes Rich List with a net worth of $5.1 billion. Tudor Investment, an investment institution founded by Paul Tudor Jones, also achieved excellent performance in the 2008 financial tsunami. After many years, Tudor Investment said in a letter to investors in May 2020 that Bitcoin would be what he considers a dark horse. Pricing Letter to Investors: 47 Mentions of Bitcoin In the 10-page letter to investors , "bitcoin" appears 47 times, "gold" appears 34 times, and "bond" appears only once. We sorted out these 47 passages about "Bitcoin", and found that Jones is not a cryptocurrency enthusiast. The main concern about Bitcoin is that it has the potential of a safe-haven asset, and provides an argument for investors. The contents of the chain news are as follows. 1. Bitcoin may be a safe haven This paragraph mainly describes that during the epidemic,
governments of various countries bailed out the market through monetary policies (printing money), and at the same time expanded the scale of global debt. Paul Jones' letter states: “Traditional hedge assets like gold have performed well and we think investors will continue to seek safe-haven assets. … The market often reacts and goes against your prior experience. But remember, in the long run, profit and loss Always a winner. With that in mind, in a world hungry for new safe-haven assets, Bitcoin is likely to play an ever-increasing role.” 2. Bitcoin performed well during the Great Inflation Screenshot - 2020-06-01-pm 14_26_38-pm Photo Credit: Bloomberg Bitcoin inflation performance This paragraph cites a Bloomberg statistical table d