Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in 'First Inning': Report
Jones said he has been surprised by the "intellectual capital" behind bitcoin.
Updated Sep 14, 2021 at 10:22 a.m. UTC
![Paul Tudor Jones II on CNBC](https://www.coindesk.com/resizer/foHZ3aHpSCUAeN1upv1AkMV0c2o=/567x365/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LTNZABL6G5EUPBDWWMNWXJ74CI.png)
- Jones said he has been "surprised" by the "enormous contention of really, really smart and sophisticated people who believe" in bitcoin and work to see it adopted as a store of value, a group that Jones referred to as the "great intellectual capital" behind bitcoin.
- "I like bitcoin even more now than I did then," Jones said, referring to his May appearance on the show when he announced a single-digit percentage portfolio allocation to bitcoin. "I think we're in the first inning of bitcoin."