It should be noted that sometimes there is outright negativity in the news space regarding digital assets. For example, last week representatives of the US Department of Justice complained about cryptocurrencies. According to them, the number of malicious users of digital assets is growing rapidly. As a result, the agency has been forced to pay more and more attention to the industry.

This is a rather strange complaint considering that before the advent of cryptocurrencies, conventional fiat money was used to pay for crimes and other violations of the law. The need for their existence was not questioned by the authorities at the time, but they made an exception for cryptocurrency.

Fortunately, some professional investors have already seen the benefits of crypto. Therefore, they are not going to give it up.

What are the advantages of Bitcoin

The fact that BTC’s maximum supply is limited to 21 million bitcoins can already be considered a good reason to invest in the cryptocurrency for life. This was stated by Jones in his recent interview with CNBC. Here’s a relevant rejoinder to that, cited by CryptoPotato.

I’ve always said from the beginning that I want to allocate a small amount of money to Bitcoin because it’s a great phenomenon. It’s the one thing that people can’t regulate the supply of. That’s why I will always be a fan of Bitcoin.


Note that supply regulation is also not possible in the case of precious metals like gold. However, the latter has an important disadvantage compared to BTC: no one knows exactly how much gold has been mined to date, and there is no way to verify that. In contrast, Bitcoin nodes have no problem to tell the actual number of coins in circulation.

In the case of BTC, though, no one can really influence the cryptocurrency's inflation rate, i.e. its issuance rate. Right now, for example, an average of 6.25 BTC is paid every ten minutes per block mined. In April 2024, the rate will halve - and will continue to do so.


In November 2021, the price of Bitcoin reached its current high of $69,000. Since then, the cryptocurrency has depreciated by almost 70 per cent and is now cheap enough for the long term. Jones is also convinced of that – according to him, he is going to invest more in BTC in the near future.

An important factor in the growth of the crypto market will be a pause in the US Federal Reserve’s base rate hike. Recall that a rate hike increases borrowing costs, which reduces consumer spending and makes risky investments like cryptocurrencies less attractive. Well, a rate cut should have the opposite effect.

Paul Tudor Jones has a generally good reputation among crypto investors. He first bought Bitcoin in 2017 at an average price of $10,000, before selling the crypto almost twice as much a few months later. More interesting, however, was the episode just after the COVID-19 pandemic began in 2020. At that time, the billionaire once again declared the exceptional role of Bitcoin and predicted its explosive growth due to rising inflation in the US on the back of massive dollar printing.

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Many analysts attribute the rise in the price of BTC in 2023 to the banking crisis in America, which saw the closure of three major banks that were heavily involved with cryptocurrencies in March. One of them was Signature Bank. And now, months later, new details of its “collapse” have emerged.

Signature co-founder and former bank chairman Scott Shay said in a recent interview that the bank was ready to move on. Its operations wouldn't have been hampered even by the $16 billion customers withdrew amid panic surrounding the bank's possible closure, Decrypt reports.

These were the thoughts Shay shared before the US Senate Banking Committee at a hearing on Tuesday. The session focused on Signature and another bank, Silicon Valley Bank (SVB), which also closed in March. During the hearing, Senator Bill Hagerty referred to comments made in March by former Congressman Barney Frank, who was on Signature’s board of directors. Frank said at the time that regulators closed Signature to send “a very strong message to cryptocurrency companies”.

However, representatives from the New York Department of Financial Services (DFS) refuted this claim and said that Signature’s closure allegedly had nothing to do with crypto. Shay himself doesn’t know the answer to this question – he noted that the story of the bank closure has many suspicious details.

In other words, banks that actively partnered with cryptocurrency companies could continue to operate today. However, this was not beneficial to regulators. And that means US agencies seem to be firmly focused on curbing the development of the crypto market, which is broadly in line with recent statements from the same SEC.


We believe that the basic features of Bitcoin and other cryptocurrencies do set them apart from fiat. Whatever the conditions in the global economy, BTC issuance will continue to increase at the same rate, while the supply of ethers will decline altogether. In the current environment of high inflation, even this property is enough to turn attention to digital assets. So connoisseurs of the talent of Paul Tudor Jones should also do so.


What do you think about it? Share your opinion in our Future Millionaires chatroom. There we discuss current news from the blockchain world along with its impact on digital assets.