Billionaire Paul Tudor Jones: "I always have an allocation of Bitcoin"

Billionaire Hedge Fund Manager Paul Tudor Jones Has An “Allocation Of Bitcoin”

Appearing on CNBC Squawk Box, billionaire hedge fund manager Paul Tudor Jones warned of an inevitable recession.

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When talking about cryptocurrencies as a hedge against recession, the legendary investor revealed that he “always has an allocation of bitcoin.”

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Tudor Jones further added that cryptocurrencies like bitcoin and ethereum will someday have more value than they have today as recession looms.

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Quoting bitcoin’s limited supply, the billionaire hedge fund manager assured that these cryptocurrencies will have much higher value in the future.

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Tudor Jones believes that the U.S. economy is either near or already in the middle of a recession.

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The hedge fund manager said that going by the playbook, the recession usually lasts 300 days.

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Paull Tudor Jones said he is expecting the Federal Reserve to reveal when the recession started in a month or two.

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