Bitcoin tests $40K following positive comments from Tesla's CEO Elon Musk and hedge fund manager Paul Tudor Jones.
Jones said he likes bitcoin and sees it as a great way to protect wealth over the long run.
Led by Glenn Hutchins, the new fund has already invested in Dapper Labs and other crypto projects.
Speculators like Stanley Druckenmiller and Paul Tudor Jones love to play the game. Just don't pin them down to a side, says our columnist.
The hedge fund manager has 1% to 2% of his multi billion-dollar portfolio in bitcoin.
A recap of an exceptionally bullish week for bitcoin and crypto as a whole.
Jones said he has been surprised by the "intellectual capital" behind bitcoin.
Crypto exchange Coinbase is finally acquiring Tagomi, a prime brokerage platform specializing in digital asset trading for institutional clients.
When a famed macro investor like Paul Tudor Jones invests in Bitcoin, you know it's a serious play. Next step: central banks buying crypto too.
"We’re watching the birthing of a store of value, and whether that succeeds or not only time will tell," he told CNBC.
Paul Tudor Jones II, a pioneer of the modern hedge fund industry, is ready to bet on bitcoin’s price as an inflation hedge.