Big Investors into Bitcoin - Mitchell Dong

Mitchell Dong CEO Pythagoras Investment Management

I’m surprised how many big investors have come out in the last few months to endorse bitcoin as a viable investment. The following is a list of investors and their rationale for investing in bitcoin.

Paul Tudor Jones, worth $ 5 billion according to Forbes, said that he allocated 2% of his assets, including his hedge fund, Tudor Investments, founded in 1980. “I came to the conclusion that bitcoin was going to be the best of inflation trades.”

Billionaire investor Stanley Druckenmiller, is long on bitcoin. His hedge fund made over 30% per year for 30 years, including working for George Soros in 1992 to break the Bank of England by shorting the British Pound and profiting $ 1 b. “Frankly, if the gold bet works the bitcoin bet will probably work better because it’s thinner, more illiquid and has a lot more beta to it.”

Billionaire Twitter CEO Jack Dorsey says bitcoin is ‘The Best’ internet currency. “I think the internet wants a native currency and I think bitcoin is probably the best manifestation of that so far.” His company Square bought $50 m of bitcoin (at cost) in September.

Mexico’s second-richest person Ricardo Salinas Pliego confirms that 10% of his liquid portfolio is invested in bitcoin. Pliego has an estimated net worth of $12 billion.

Skype co-founder Jaan Tallinn holds most of his wealth in cryptocurrency. Skype was sold to eBay for around $2.6 billion in 2005, Microstrategy CEO Michael Saylor Personally Owns $240 Million in Bitcoin. “I personally hold 17,732 BTC which I bought at $9,882 each on average.”

Ray Dalio said Tuesday that he might be missing something about Bitcoin as the cryptocurrency. “I can’t imagine central banks, big Institutional investors, businesses or multinational companies using it,” Dalio added. “If I’m wrong about these things I would love to be corrected.”

Jim Cramer of Mad Money says “I am fixated on needing to own crypto because I fear massive amounts of inflation.”

The pace of endorsements of “digital gold” is really accelerating, which may be the driving force of the recent bitcoin rally.

Read more from Mitchell or visit his website.

Yahoo! News Google News HuffingtonPost CNN New York Times De Telegraaf NBC News Mail Online Washington Post The Guardian WSJ ABCNews BBC News USA Today LA Times De Volkskrant Le Monde Le Figaro




A point of view is the angle of considering things. It’s a platform for people with a vision and a story to tell.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

The Impact of the Global Currency Race on Bitcoin — That’s Our Two Satoshis

Hello There,

New Stockton; Salt Lake City’s New Complementary Currency.

Stimulus Offer By Mnuchin, Trump Casts Doubt On The Agreement Between Pelosi & McConnell; Bitcoin…

Nexo Cuts Minimum Borrowing Amount to Just $10

Maker DAO Network Analysis: Dissecting Crypto’s Hottest Stablecoin

Sunday Summary 09–15/05/2022

SAITO Token Distribution Update 2022–04

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Point of View

Point of View

A point of view is the angle of considering things. It’s a platform for people with a vision and a story to tell.

More from Medium

Introduction to bitcoin

These charts show how much it costs to charge an EV vs. refueling a gas vehicle

Elon Musk Bitcoin Prime — Review

The Chaotic World of Noor’s Brain