Buy This Crypto if You Want to Risk-Proof Your Portfolio, According to Billionaire Paul Tudor Jones [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
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? Bitcoin as a safe-haven asset 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. The recent Bitcoin halving is yet more evidence of this algorithm at work, since it cuts in half the rate of new Bitcoin issuance. As Coinbase Global told its institutional clients, this makes Bitcoin a "programmat
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Sec Filings
- 5/14/24 - Form 144
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- COIN's page on the SEC website