• May 27, 2022

Cryptocurrencies are attractive to “brilliant” minds, according to Paul Tudor Jones

Cryptocurrencies are attractive to “brilliant” minds, according to Paul Tudor Jones

In an opinion broadcast with CNBC Squawk Box, billionaire Paul Tudor Jones spoke about the “attractiveness” that blockchain technology represents today. According to his position, cryptocurrencies are attractive at the moment when the young community and even traditional institutions show interest.

Adaptation to the new environment

The investor considers that the arrival of the crypto world to economies represents a change in trend that everyone will “accept”. Within his narrative, he highlights the fact that not only new enthusiasts show interest.

Paul Tudor Jones believes that cryptocurrencies are attractive by highlighting the "benefit" of financial decentralization through blockchain technology, thus representing an environment that draws the attention of "brilliant minds".
Paul Tudor Jones believes that cryptocurrencies are attractive by highlighting the “benefits” of financial decentralization through blockchain technology, thus representing an environment that attracts the attention of “brilliant minds”.

On the contrary, he believes that traditional investors will also take into account this sector, with a panorama that will increasingly lean towards the digital environment. Cryptocurrencies are attractive by assimilating the “technological advantage” they represent for the community.

His vision points to a future where the influence of cryptos is considered by everyday financial institutions. However, he visualizes a panorama where the greatest obstacles to widespread adoption come from governments and banks.

From his point of view, as a traditional investor, he is “optimistic”, clarifying that he has investments aimed at the Bitcoin world.

The crypto world has the “potential” to host new enthusiasts

Tudor Jones sees an encouraging evolution in the crypto market, pointing to its potential as an environment that attracts younger users. He sees in them the ability to “expand” the current economy to a “globalized” level, without taking into account the restrictions of the present.

In this way, cryptocurrencies are attractive as more people are “collaborating” with the development of this technology. He has focused his attention on the new communities that arise from young enthusiasts, who turn their efforts into digital asset initiatives and blockchain.

He has pointed to them as “brilliant minds” who chart the path to follow in the integration of the world’s markets. At the other extreme, and despite the fact that traditional investors have their eye on the new ecosystem, he thinks that this sector will have less “advantage” to get acquainted with cryptocurrencies.

More investments in the ecosystem

While Paul is a billionaire who has gone through the traditional securities sector, do not rule out his participation in the new environment. On the contrary, he assures that he will continue to allocate part of his capital to the acquisition of digital assets.

He publicly reiterated his support for the ecosystem at the beginning of the Coronavirus pandemic, being one of the first traditional investors to recognize Bitcoin.