Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

BitMEX CEO: Paul Tudor Jones Using ‘Infallibility Aura’ to Pump Bitcoin (BTC)

by Daily Hodl Staff
June 15, 2020
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Chief executive of cryptocurrency exchange and derivatives trading platform BitMEX, Arthur Hayes, says billionaire hedge fund manager Paul Tudor Jones is using his stellar reputation as a top trader to boost Bitcoin.

Last month, the billionaire hedge fund manager shocked the investment world after announcing that he invested nearly 2% of his assets in BTC futures. In a recent BitMEX blog post, Hayes praises Jones as an extraordinary trader who is willing to bet against the herd and predicts that Jones’s entry into the crypto market will play a big role in convincing other money managers to follow suit.

“Paul Tudor Jones (‘PTJ’) is a trader with a capital fucking T. His homage to why inflation is coming and Bitcoin is a possible way to outperform inflation in the coming years is very important because it removes career risk from fund managers owning Bitcoin risk.”

Hayes says exceptional money managers are able to create widely accepted narratives about a particular investment – and Tudor Jones is doing exactly that with Bitcoin.

“The exceptional investor invests in heretical themes, and sells once those themes become orthodox. The average investor invests in orthodox themes, and sells once those themes become irrelevant.”

According to Hayes, Tudor Jones fully entered his final Bitcoin futures position well before announcing his interest in the top cryptocurrency [where’s the quote supporting this?], and will use his status as an elite investor to convince others to follow.

“PTJ announced, via an investor letter and Bloomberg fluff piece, that his fund holds futures contracts. Traders always talk their book, once they have truly right-sized their position.The game now is to use the infallibility aura gained from past successes to force the sheeple to convert a heretical idea into orthodoxy. Then you dump on the mother fuckers.

So an investing legend announced to the world his fund now owns Bitcoin … futures. Game, blouses.”

It remains to be seen whether Hayes’s predictions will pan out. New numbers from the digital asset manager Grayscale show institutional inflows into the crypto space continue to grow as Bitcoin tests psychological resistance at $10,000.



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Cryptocurrency to Fight Cancer: From Bitcoin to Altcoins
    January 26, 2021
  • How Traders Are Gaining by Holding Crypto: Staking Tron (TRX) and Cardano (ADA)
    January 21, 2021
  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
  • How Blockchain Empowers Wuhan’s Digital Economy Growth – World Blockchain Conference
    December 14, 2020
Submit a Guest Post
Bitcoin
$31,824.00
$31,824.00
1.19%
Ethereum
$1,307.11
$1,307.11
3.63%
Polkadot
$16.29
$16.29
5.64%
XRP
$0.265044
$0.265044
1.41%

Spotlight

  • Janet Yellen Says She’s Concerned About Illicit Use of Crypto Assets, Chainalysis Finds 0.34% of Transaction Volume Connected to Crime
    January 20, 2021
  • Rare Pixel Art Backed by Crypto Just Sold for $761,000 in Ethereum
    January 24, 2021
  • Josh Rager Bullish on 10 Altcoins Programmed To ‘Print Money’, Warns Bitcoin’s Big Correction Not Over Yet
    January 22, 2021
  • Crypto Whales Are Buying This DeFi Asset Behind the Scenes at a Rapid Rate, Says Santiment
    January 26, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.