Paul Tudor Jones, founder of Tudor Investment, has declared Bitcoin the best asset for protecting 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.
— Patrick OShaughnessy (@patrick_oshag) April 28, 2026
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
The billionaire noted that the first cryptocurrency outperforms gold due to its limited supply. While gold's supply increases by a few percent each year, the total number of Bitcoins is capped at 21 million coins.
Jones drew parallels between the current market conditions and the 2000 dot-com bubble, suggesting that similar imbalances are present today. In addition to Bitcoin, he is betting on the rise of the dollar-yen pair.
The investor also acknowledged that he had previously underestimated Warren Buffett's strategies.
Market data supports the growing interest in Bitcoin. In the first quarter of 2026, the amount of Bitcoin held by "conviction buyers" surged by 69%, rising from 2.13 million to 3.6 million BTC, marking 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, initially allocating up to 2% of his portfolio for the purchase, later increasing it to 5%. He explained that he seeks undervalued instruments during regulatory missteps.
Among the risks for Bitcoin, Jones highlighted cyber warfare and the development of quantum computers capable of breaking blockchain security.
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 for 40 years.
In February, Wikipedia co-founder Jimmy Wales stated that while Bitcoin will not lose all its value, it has completely failed as a means of payment and savings.