Billionaire Paul Tudor Jones: "Right now, I just want to have diversified investments, with Bitcoin representing 5%"

Legendary trader, Wall Street hedge fund manager, and founder of investment firm Tudor Investment Corporation, Paul Tudor Jones recommended Bitcoin to his investors last year, before MicroStrategy began buying it. Today, on the 14th, Paul Tudor Jones shared his views on Bitcoin in an interview with CNBC: "Right now, all I want to own is Bitcoin, 5% in Bitcoin."

"The only thing that I know for certain is I want to have 5% in #gold, 5% in #bitcoin, 5% in cash, 5% in commodities," said legendary investor @ptj_official. pic.twitter.com/9NoESxUYbN

— Squawk Box (@SquawkCNBC) June 14, 2021

I like Bitcoin, it's math

Paul Tudor Jones told the host, "Bitcoin is math. Math has been around for thousands of years, and two plus two equals four, and it will for the next 2,000 years. So, I like investing in something reliable, consistent, honest, and 100% certain." He mentioned that looking at the Federal Reserve under Trump and Biden administrations, the Fed in 2013 and the Fed in 2021, he doesn't know whether to trust the consistency of human nature.

Diversification is needed even with the drop: Bitcoin at 5%

The host asked Paul Tudor Jones, "Do you like the price of Bitcoin?"

Paul Tudor Jones did not directly address the recent drop in Bitcoin's price. He simply said, "I like Bitcoin because of portfolio diversification. I want 5% in gold, 5% in Bitcoin, 5% in cash, and 5% in commodities."

He continued, "For the remaining 80%, I want to wait and see. See what the Fed is going to do because their actions will have a significant impact."

Expectations for the Fed to discuss tapering on Thursday

There are various predictions surrounding the upcoming Federal Reserve meeting scheduled for early Thursday, with some believing that they will discuss tapering bond purchases due to economic recovery and accelerating inflation, while others think the Fed will not rush to weaken monetary easing policies.