Why Bitcoin Jumped to a New All-Time High Today
Bitcoin (CRYPTO: BTC) popped more than 3% to a record high above $66,000 on Wednesday. The move follows the debut of the ProShares Bitcoin Strategy ETF (NYSEMKT: BITO) and bullish comments by a respected hedge-fund manager.
Billionaire fund manager Paul Tudor Jones believes investors are underestimating the threat posed by inflation.
"The No. 1 issue facing Main Street investors is inflation, and it's pretty clear to me that inflation is not transitory," Jones said during an interview with CNBC. "It's probably the single biggest threat to certainly financial markets and I think to society just in general."
Source Fool.com
