Billionaire Wants 5% of His Assets in Bitcoin, Michael Saylor Not Impressed

3 months ago 62
  • Billionaire investor Paul Tudor Jones said he wants 5% of his assets in Bitcoin.
  • He said that “Bitcoin is math, and math has been around for thousands of years.”
  • On the other hand, Michael Saylor weighed in, sharing his two cents in a Tweet.

In an interview with CNBC, the Billionaire investor, Founder, Chairman, and CIO of Tudor Investment Corporation Paul Tudor Jones said that he wants 5 percent of his assets in Bitcoin. According to Jones, Bitcoin is 100% certain.

He said that

“Bitcoin is math, and math has been around for thousands of years, and two plus two is going to equal four, and it will for the next two thousand years.”

Jones mentioned that he likes the idea of investing in Bitcoin. He said,

I like the idea of investing in something that’s reliable, consistent, honest, and 100% certain.

The billionaire also shared the portfolio division that he wants his assets in. He said that he knows for certain that he would like to have “5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities.” The remaining 80 percent will depend on upcoming US Federal Reserve policies.

On the other hand, famous bitcoin bull and Microstrategy CEO Michael Saylor weighed in on this and shared his two cents on Twitter.

If you invest 5% of your portfolio in #bitcoin, you have made the decision to invest 95% of your portfolio in assets getting demonetized by bitcoin.

— Michael Saylor (@michael_saylor) June 14, 2021

According to Saylor, if one decides to invest only 5% of your portfolio in bitcoin,

“you have made the decision to invest 95% of your portfolio in assets getting demonetized by bitcoin.”

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