Tudor Jones on Bitcoin: ‘I’ve Never Sat on a Horse That Long’

Tudor Jones, founder of hedge fund Tudor Investment Corporation, appears to be a bit of a Bitcoin bull

article-image

Ruslan Ivantsov/Shutterstock modified by Blockworks

share

Longtime trader and billionaire hedge fund manager Paul Tudor Jones told CNBC’s “Squawk Box” that he’s sticking with bitcoin despite the regulatory pressures in the United States. 

“From the beginning, I’ve always said that I want to have a small allocation [of bitcoin],” Jones said. “It’s the only thing that humans can’t adjust the supply [of].”

“I’m sticking with it. I’m always going to stick with it,” he added.

Bitcoin (BTC) came up as a hedge against inflation in Jones’ conversation with Aaron Ross Sorkin. The two were previously discussing how quantitative easing and flat interest rates lasted all the way through 2021. Jones said this policy contributed somewhat to the banking failures in 2023.

“Anyone that was listening to our Fed at that point in time was probably doing exactly what these banks did — extending maturities — because they were being told that inflation didn’t exist, and when it finally did come, it was transitory and rates were going to be low forever.”

Of course, inflation wasn’t transitory with the CPI reaching a 40-year high of 9.1% in June 2022. Bitcoin’s price sank as low as $18,999.95 on July 13, 2022, the day the June CPI report was released.

Notably, Jones said the strategy of buying bitcoin and gold as an inflation hedge “may be over” if prices begin to moderate. 

Additionally, bitcoin isn’t without its risks, according to Jones. He cited the US regulatory regime as a major thorn in the side of the world’s first digital currency.

“Bitcoin has a real problem because in the United States you have the entire regulatory apparatus against it,” Jones said. 

CNBC’s interview with Jones made news because he said there’s a “good chance” that the US could be on the verge of a recession by the third quarter based on “recent financial episodes.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates.png

Research

Maple Finance has successfully navigated significant market challenges through its strategic pivot to secured lending (Maple v2) and the launch of its Syrup product. Syrup has become a primary growth driver, delivering sustainable, outperforming stablecoin yields and rapidly increasing TVL. The upcoming custody-first Bitcoin staking product (istBTC) presents another significant avenue for expansion. Crucially, Maple has achieved operational profitability, a key inflection point that, combined with a fully vested token and active buyback mechanism, strengthens its investment case. While valuation metrics suggest potential undervaluation relative to peers and growth, the primary forward-looking risk identified is the long-term sustainability of its current high-take-rate collateral staking revenue model.

article-image

In 2014, Microsoft virus scanners were detecting viruses in Bitcoin software

article-image

Ledn’s Mauricio Di Bartolomeo explained how this cycle’s been different for the lender

article-image

The shorts looking for funding range from charming animated series to gritty live-action dramas

article-image

Money, it turns out, is emergent, like consciousness

article-image

Bridge flows churn in both directions as risk appetite returns