Paul Tudor Jones is the man who made over $100 million betting on the collapse of the stock market in 1987... Forbes lists his net worth today at $5.3B.
“A true genius when it comes to investing”…
Now he is betting that inflation is coming BIG TIME from central bank money-printing to stimulate the dying economy.
His philosophy:“The best profit-maximizing strategy is to own the fastest horse,” He calls that horse ... Bitcoin.
In a market outlook note, he states, “If I am forced to forecast, my bet is it will be Bitcoin.”
Yes, Bitcoin is no-longer some magic internet money. It's not some ponzi-scheme.
When renowned investors like Paul moves his money, investors all over the world will sit-up and pay attention.
I wish I paid some attention to what was happening to the economy early in my journey. Don't make the same mistake I made.
Most people don’t pay enough attention to their money. It's risky business.
Of the roughly 750 currencies that have existed since 1700, only about 20% remain, and of those that remain all have been devalued.
"Notice those sudden drops ..." They happen abruptly. They don't give the unprepared time to protect themselves.
The most important thing for currencies to devalue against is debt. That is because the goal of printing money is to reduce debt burdens. Debt is a promise to deliver money, so giving more money to those who need it lessens the debt burden.
Received some free money from the government lately? Got paid when your employer has zero customers?
Where do you think that money comes from?
See the Stock markets rising when unemployment is worst than the Great Depression?
That's a tell-tale sign that the real economy is going kaput.
You’re going to want to hear this from the horses mouth.
Because what he’s got to say has the potential to be a lot bigger than the impact of the Coronavirus…
It could change your life.
It could also give you a rare chance to get exceedingly rich.
Now if you're thinking :
...Bitcoin It's so volatile.
...I don't understand it.
...I'm not tech savvy.
...I can't even afford one bitcoin (BTC).
No worries, I got you covered.
Bitcoin is Volatile: Nothing great was ever achieved without enthusiasm. Volatility is a sign that it's still early.
Just like You don't need to understand the whole inner workings of the internet to benefit from it, so is Bitcoin.
You can send Bitcoin to your friends and family anywhere in the world without any middle man. It disrupts banks like Uber did to the Taxi industry.
You can own bitcoin denominated in Satoshis. 0.01 bitcoin (BTC) is equal to 1,000,000 satoshis (sats) for just ~$90.
HODL! Hold and ignore the day to day fluctuations. Add to your position once you're comfortable with volatility. Hold bitcoin for at least 2 - 4 years, and never sell ALL your bitcoins.
Never sell bitcoin at a loss! Don't be irresponsible and put in more money than you can handle. Best strategy I've found is to buy everytime Bitcoin drops instead of when it rises. Get cheap bitcoins when people sell on a panic.
Don't store too much money on an exchange, always withdraw to your wallet whenever you have a substantial amount of bitcoins.
If you want to learn more about Bitcoin's BIG WEEK, the Bitcoin Halving, I wrote this article over the weekend.
This rare Bitcoin event happens every four years, like the Olympics. If the demand for Bitcoin remains the same, and the supply is immediately reduced by half, that’s going to change the value pretty quick.
If you’re keen to toss a coin in for the halving, we’ve seen some neat ways for you to earn some bitcoin:
Lolli unlocks Bitcoin that you can earn while you shop online.
Or you can do some surveys and earn bitcoin.
This is actually the third time that the halving will take place, and by design there is no central authority on Bitcoin that’s triggering the event. In the past after the halving, the bitcoin price started to rise steadily over the following 12 or so months.
If you’re still entirely confused about Bitcoin, you’re not alone. Here’s a super long article to explain to the non-tech savvy you.