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Key facts:
The investor is diversified due to the fiscal expenditure for mass pandemic coronavirus.Ensured that bitcoin maintains the purchasing power, is reliable, liquidity and portability.The mogul and us billionaire, Paul Tudor, revealed that it is acquiring contracts to future of bitcoin as a mechanism to guard against a possible wave of inflation overall. Tudor confessed that in the face of massive fiscal spending by the expansion of the coronavirus, the first criptomoneda could get benefited.In a note on the market outlook, entitled “The great inflation, if I am forced to predict, my bet is bitcoin”, Tudor reported that one of its funds, the Tudor BVI, it will maintain assets with the future of bitcoin, according to published Bloomberg.”I am not a fan of the hard money or a crazy cryptocurrencies. The most compelling argument for owning bitcoin is the next scan of the coin in all parties, accelerated by the COVID-19,” said the investor.Tudor is one who thinks that bitcoin has the potential to a policy scenario unorthodox, so he decided to adapt his investment strategy. It was reported that the exposure of the fund Tudor BVI, with the future of bitcoin, represent a percentage of a single digit.In the letter, Tudor explained that bitcoin reminds him of the gold when he began his career as an investor in 1976. In addition, he did a comparison of the behavior you have experienced both active over the years and how there are similar patterns, according to your point of view.
Forward contracts and inflation
The forward contracts of bitcoin began to be marketed in December 2017 through Cboe Global Markets. Days after its inception, the price of bitcoin reached the price highest in its history, around $ 20,000 per unit.It is a mechanism to capture institutional investors who wish to dabble in an indirect way in the world of cryptocurrencies, in this case in particular, bitcoin.The expectations of Tudor, about what could happen with the arrival of a wave of inflation, it relates to a report prepared by the firm BitMEX Research, which indicates that a potential escalation of inflation would raise the price of bitcoin. The agency not only speaks of that the inflation will come, but it will be abrupt and it will generate a shock in the economies.In an analysis published by Breaking News, the last April 27, it was explained that the massive printing of money in the united States, for example, would have an effect, “boomerang” on the dollar. That is to say, that the currency can serve to contain a potential economic recession, but that also could push inflation to 2021.At the time of publishing this article the price of bitcoin was 9.951 dollars per unit, according to the index of markets Breaking News.