Buy This Crypto if You Want to Risk-Proof Your Portfolio, According to Billionaire Paul Tudor Jones
Gold has long been the go-to asset during times of financial uncertainty. If you have a queasy feeling in the pit of your stomach about what's going to happen next, you buy gold. So is it really possible that buying crypto -- an asset famous for its volatility -- could be a way to risk-proof your portfolio?
Billionaire hedge fund investor Paul Tudor Jones thinks so. As he surveys the current geopolitical and macroeconomic environment, he's looking at both gold and Bitcoin (CRYPTO: BTC) as potential safe-haven assets. If he's buying Bitcoin now, should you be too?
There are two unique features of Bitcoin that make it a potential safe-haven asset. For one, Bitcoin is a digital asset that has been programmed to behave in a certain way. The Bitcoin algorithm carefully controls how much Bitcoin can be issued at one time, as well as the total lifetime supply of Bitcoin. The goal is to make Bitcoin inflation-resistant.
Source Fool.com
