As Paul Tudor Jones said, investing in Bitcoin is "like investing in Apple or Google at the start."

Since his first investment in Bitcoin in May 2020, famed Wall Street investor and billionaire Paul Tudor Jones has hailed Bitcoin as an effective inflation hedge tool. He thinks investing in Bitcoin now is similar to investing in Apple and Google from the start.

Since his first investment in Bitcoin in May 2020, famed Wall Street investor and billionaire Paul Tudor Jones has hailed Bitcoin as an effective inflation hedge tool. He thinks investing in Bitcoin now is similar to investing in Apple and Google from the start.

Billionaire and Wall Street billionaire Paul Tudor Jones has said he prefers Bitcoin "more than at first", referring to the announcement of his first investment in May 2020.

Jones praised Bitcoin on CNBC's Squawk Box this morning and revealed that it holds "small investments" in assets.

Its investment remains the same - Bitcoin is a good tool to fight inflation Inflation is expected to strengthen further over the next few years due to the impact on the central bank.Unprecedented by many solutions, the balance sheet grew further and the Fed's stronger commitment to inflation raised financial expectations.

Jones believes Bitcoin to be one of the best "market gains" over traditional options such as gold, financials, copper, and other hard currencies.

“People who believe in Bitcoin are very smart and intelligent,” Jones added. "It's like investing in Jobs and Apple, or investing in Google from the start."

Paul Tudor Jones is a stock market veteran who rose to fame for the precisely estimated 1987 stock market crash (known as Black Monday). After his first speech, the Bitcoin community was rocked by his support. Some predict that Jones will become the biggest holder of Bitcoin.

Some believe Jones's endorsement could be a potential iceberg for many companies, and once the brand name has come to the fore, they can rely heavily on investments in that legacy.