保罗·都铎·琼斯增持比特币ETF，减持看涨期权

Are you still on the horse, though?

I From the beginning, I've always said I want to have a small allocation to it.

Breaking news, legendary investor Paul Tudor Jones, his investment firm, has just increased their stake in Bitcoin through BlackRock's Bitcoin ETF. After years of selling, Paul Tudor Jones is one of the greatest macro traders on Earth, worth now over 8.1 billion dollars, the man who pioneered the modern Wall Street hedge fund industry.

Give it to me straight, Doc. What in your view is going on?

I think that we've got a market that has been seriously overvalued for some time.

And when he speaks or makes a move, the market tends to listen. And Tudor Investment, founded by billionaire investor Paul Tudor Jones, increased its direct stake in BlackRock's spot Bitcoin ETF in the second quarter, while cutting its reported call option position in the fund by 85%. And the history is interesting. Tudor first disclosed over 869,000 IBIT shares in mid-2024, and increased the position to 8.05 million shares, worth around 427 million dollars by the end of the year, 2024.

And then cut the stake in every quarter of 2025, ending December with only 578,000 shares. Basically, he sold around the top, like he's been known to do. It was a great trade. And after years of selling, he has now began to buy back. It's very interesting why now. I'll share with you why. Like the video. But let's remember, earlier this year, Paul Tudor Jones gave us the clues. He told us why he's still a believer in Bitcoin and gold.

Actually, he gives us both the positives and negatives of Bitcoin. Nothing's perfect. Listen, then I'll react.

And then in 2020, when you saw again all the interventions both our central bank and the treasury, um you just knew that the inflation trades were going to take off. And what was of all of them, what was the best one? At that point in time, it was Bitcoin. Bitcoin is unequivocally the best inflation hedge that there is, more than gold. Because Bitcoin is finite. There's only so much Bitcoin that can be mined. The problem with it as an inflation hedge is if you got into kinetic exchange, there's clearly going to be cyber warfare.

And anything that you have to deal with electronically is going down, including Bitcoin. So, strike one. And then secondly, quantum computing, who knows if and when with AI advancing as fast as it is that we may actually have quantum computing. Now, quantum computing, someone can come in and can hack any back and hack anything they want to. So, in terms of it being a great inflation hedge, gold increasing supply every year by by a couple of percent.

Bitcoin, there's a finite amount that can be mined. It's decentralized. And so, in that sense, it's has the greatest scarcity value of anything.

So, Bitcoin's not perfect, but it's a better inflation hedge than gold. And you need some in your portfolio. Bitcoin is unequivocally the best inflation hedge that there is. It has the greatest scarcity value of anything. Now, the downside he says is quantum. We don't know if quantum will be a problem in the future. Although, if you subscribe to Altcoin Daily, you do understand Bitcoin will be upgraded. Quantum is not a problem, just like the banks' software will be upgraded.

The nuclear code software will be updated. It all has to be updated, same with Bitcoin. And legendary Stanford cryptographer Dan Boneh just said anyone who thinks quantum will destroy Bitcoin is insane.

It's insane to say that Bitcoin will not solve the quantum problem.

It is. And that's how you feel?

That is insane. Of course, Bitcoin will survive it. Of course, Bitcoin Bitcoin will will will solve it.

Okay.

So, that that goes without saying.

you that confidence? What do you want to

We know what to we know where to go. We need to move to, you know, post-quantum addresses, post-quantum signatures. We know where to go. Uh the only, you know, everything we've been discussing in this podcast is really just kind of technical nuances of exactly what should you do. But, the big picture is very well known. We know what to do. So, anyone who is worried that quantum is going to affect the security of blockchains is wrong.

Another signal in the market that's going to help usher Bitcoin through the quantum age, led by Michael Saylor and strategy, but along with BlackRock, Coinbase, ARK, Fidelity, etc., the Bitcoin Security Consortium has been formed in the last 6 months. The Bitcoin Security Consortium consists of industry leaders committed to the long-term security and scalability of the Bitcoin protocol. The consortium intends to provide sustained support and funding, like research, for the global Bitcoin security community as well as updates on the state of Bitcoin security-related work.

These are major players in tech and finance saying, "It's going to be okay. Bitcoin will get through this, just like the nuclear codes, just like any banking software." So, Paul Tudor Jones buying now, actually starting to buy in Q2, to me is a signal to the market. And by the way, he's not going to get the exact bottom, just like he didn't sell the exact top. If we go over to when he sold, Paul Tudor Jones was accumulating after 2020, but he re-upped into 2024.

So, all here and all here, and he started selling every single quarter of 2025. So, he sold around the top, just like he bought around the bottom, he's starting to buy again, and that is a signal to the market as explained by senior ETF analyst at Bloomberg, Eric Balchunas. He says, "Paul Tudor Jones buying IBIT is interesting, as is the UAE wealth funds and Harvard, Dartmouth, Texas pensions, etc. all have bought Bitcoin.

Also interesting is IBIT's 13F list is now 1,500 deep even after a 50% pullback, meaning these big major entities aren't getting scared away. They're buying when there's fear in the streets. Amazingly, on flip side, what is not interesting to me is JP Morgan, Goldman Sachs, Jane Street, Citadel buying IBIT. It just doesn't mean much. So, obviously, the big entities will buy during the dips. We get that. But, these players that tend to signal the market or have a have a specific edge that not other people have continue to hold or buy.

Here is the exact filing because Altcoin Daily will always share with you the as best we can the exact documentation so you have all the information as a crypto investor.

From the beginning, I've always said I want to have a small allocation to it because it's a great tail of it. It's the only thing that humans can't adjust the supply and so I I'm sticking with it. I'm going to always stick with it.

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