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Paul Tudor Jones expresses his bullish side on BTC, comparing the market to that of the Internet in the 90s

Paul Tudor Jones expresses his bullish side on BTC, comparing the market to that of the Internet in the 90s

Quick take

1 minute read

  • Paul Tudor Jones, a well-known investor on Wall Street is showing his bullish side for bitcoin and the overall industry. 
  • Currently, Jones is one of the more openly vocal billionaires, who has made a lot of money from his business, to show his support for bitcoin.

Paul Tudor Jones, a well-known investor on Wall Street is showing his bullish side for bitcoin and the overall industry. Currently, Jones is one of the more openly vocal billionaires, who has made a lot of money from his business, to show his support for bitcoin.

Speaking to Yahoo finance in a recent interview, Jones expressed his optimism for the future of the leading crypto coin and where it will go over the next few months. He even specifically talked about the next two decades saying that the bitcoin markets could be worth up to $9 trillion by that time. In the interview, he went on to say that bitcoin will only be going up from now on. Even though the coin may experience some downtime, the real journey is going to be heading north.

That being said, it is worth mentioning that we are not financial advisors and this is not financial advice. Please do your own research before investing in a cryptocurrency.

Over the course of 2020, leading crypto coin has been experiencing some extremely bullish momentum. Following the United States presidential election that occurred at the start of last month, bitcoin has pretty much been non-stop going up. Many people are very excited for bitcoin to hit $20,000 and even create a new all-time high for the asset.

Interestingly, Jones compares the current state of bitcoin to that of the Internet stocks back in 1999. Of course, no one could have predicted that the Internet was going to become what it is today but those who joined in on the craze have clearly seriously benefited. He believes that the same sentiment can be applied to bitcoin today.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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