1/ Big section in Paul Tudor Jone's Q3 investment letter regarding #bitcoin...
"In listing all the instruments that might respond to the Great Monetary Inflation, the may investor letter postulated that one day #Bitcoin might become the fastest horse in the race."
"In listing all the instruments that might respond to the Great Monetary Inflation, the may investor letter postulated that one day #Bitcoin might become the fastest horse in the race."
2/ "This cryptocurrency is a beneficiary for a variety of reasons. In essence, #Bitcoin shares many of the requisite characteristics historical stores of value such as fiat currency, gold, real estate, art and others."
3/ "Those characteristics include the protection of purchasing power, trustworthiness, liquidity and portability...and so far #bitcoin has comfortably taken the lead, arguably helped by its small initial market cap."
4/ "As #Bitcoin gains appeal among investors, there will inevitably be greater regulatory scrutiny creating bouts of selling pressure. This will in turn raise fears that such volatility may undermine the asset's use as a store of value."
5/ "But one must only look back at the torturous emergence of gold as a store of value to understand the potential path forward for #Bitcoin. Remember, #Bitcoin's market cap is still only a fraction (less than 5%) of gold above the ground."
6/ "The fundamental appeal of #Bitcoin is clear, with a finite supply in an increasingly digitising financial universe; periods of turbulence and excess are part of that messy, dynamic and potentially very rewarding process of financial innovation."
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