The great diversifier: Bitcoin pushes above $40,000 after bullish comments by veteran investor ...News

The world’s most prominent virtual currency, bitcoin, has rallied above $40,000 after legendary investor Paul Tudor Jones referred to the crypto as to a portfolio diversifier. “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,” Jones told CNBC on Monday. “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,” the investor added. READ MORE: Bitcoin rallies after El Salvador ado

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