Paul Tudor Jones says he likes bitcoin even more now, rally still in the ‘first inning’

Billionaire hedge fund manager Paul Tudor Jones has turned more bullish on bitcoin, calling it the best inflation hedge."I like bitcoin even more now than I did then. I think we are in the first inning of bitcoin and it's got a long way to go," Jones said on CNBC's "Squawk Box" on Thursday. He first revealed his bitcoin investment in May and he said Thursday he holds a "small single-digit investment" in the cryptocurrency.The longtime trader believes the unprecedented quantitative easing from the Federal Reserve is setting the stage for inflation to make a grand comeback."The reason I recommended bitcoin is because it was one of the menu of inflation trades, like gold, like TIPS breakevens, like copper, like being long yield curve and I came to the conclusion that bitcoin was going to be the best inflation trade," Jones said.Bitcoin has fully rebounded from its coronavirus lows in…

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