CNBC Pro

Tudor Jones likes bitcoin, calls it a great portfolio diversifier to protect his wealth over time

Share
Paul Tudor Jones
Leanne Miller | CNBC

Paul Tudor Jones said Monday that bitcoin is a great way to protect his wealth over the long run and is part of his portfolio just like gold.

"I like bitcoin as a portfolio diversifier. Everybody asks me what should I do with my bitcoin? The only thing I know for certain, I want 5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities. At this point in time, I don't know what I want to do with the other 80% until I see what the Fed is going to do," Jones said on CNBC's "Squawk Box."

"For me, it's just a way of kind of foundationally looking at how do I protect my wealth. Over time it's a great diversifier. Again, I look at bitcoin as a story of wealth," Jones added. "I look at crypto as a story of wealth. Others will argue this is a different ecosystem. It's transactional in nature."

More In Follow the Pros

CNBC ProCathie Wood has a warning about traditional growth stocks
CNBC ProThese are the stocks Cathie Wood bought during Monday’s rout
CNBC ProInvestor Sarat Sethi is looking for opportunity amid the market slide. Here’s his buy list