Billionaire investor Paul Tudor Jones told CNBC on Wednesday, 'Clearly, it's winning the race against gold at the moment.'
told CNBC on Wednesday he views cryptocurrencies right now as a better hedge against inflation than gold.interview. He added, "Clearly, there's a place for crypto. Clearly, it's winning the race against gold at the moment."
Jones, a bitcoin and crypto bull, also told CNBC he's very worried about rising inflation, saying it's"I've got crypto single digits in my portfolio," Jones said, referring to the percentage of his holdings in cryptocurrencies., Jones told CNBC that bitcoin is a great way to protect his wealth over the long run, calling the world's biggest crypto a store of wealth like gold.
Bitcoin, often referred to as digital gold, was also designed as a payment system. Though adoption as money to pay for things has been slow due to the volatile nature of the digital coin.
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