Paul Tudor Jones, the founder of Tudor Investment, has declared Bitcoin the best asset for hedging against inflation. He made this statement on the podcast Invest Like the Best.
My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time.
He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100%… pic.twitter.com/pLu1u1BIBL
— Patrick OShaughnessy (@patrick_oshag) April 28, 2026
The billionaire noted that the first cryptocurrency surpasses gold due to its limited supply. The supply of the precious metal increases by several percent annually, whereas the number of bitcoins is capped at 21 million coins.
Jones drew parallels between the current state of the markets and the “dot-com bubble” of 2000. In his view, similar imbalances are present now. Besides Bitcoin, he has also bet on the growth of the dollar-yen pair.
The investor also acknowledged that he had previously underestimated Warren Buffett’s strategies.
Market data confirms the growing interest in the asset. In the first quarter of 2026, the volume of bitcoins held by “conviction buyers” increased by 69%—from 2.13 million to 3.6 million BTC. This is the highest level since 2020.
During the first quarter of 2026, the Bitcoin supply held by “conviction buyers” surged by 69%, growing from 2.13 million to 3.60 million BTC and reaching its highest level since 2020 pic.twitter.com/bbNgMca9sM
— unfolded. (@cryptounfolded) April 29, 2026
Jones first invested in digital gold in 2020. At that time, he allocated up to 2% of his portfolio to the asset, later increasing the share to 5%. The investor explained that he seeks undervalued instruments during moments of regulatory missteps.
Among the risks for Bitcoin, Jones highlighted cyber warfare and the development of quantum computers capable of breaking the blockchain.
The 71-year-old Paul Tudor Jones is renowned for accurately predicting the stock market crash of 1987 and the collapse of the Japanese financial bubble in 1990. His flagship fund has maintained a negative correlation with the S&P 500 index for 40 years.
Back in February, Wikipedia co-founder Jimmy Wales stated that the first cryptocurrency would not devalue to zero, but as a means of payment and savings, the coin has completely failed.