Will Paul Tudor Jones Take Bitcoin to the Moon?
The question asked on the Bitcoin Forum today has left some readers shaking their heads, trying to make sense of what it could possibly be all about.
"What? No," answered a local Bitcoin expert. "The question in itself isn't valid as Bitcoin has already been to the moon several times and back."
Jones, a hedge fund manager with a net worth of $7 billion, made waves on Bitcoin Twitter today after admitting Bitcoin was an awesome hedge against fiat. The revelation even managed to cause a few cryptobro blue checks on Twitter to lose their fucking minds.
"Bitcoin good, fiat bad. HODL," replied Peter McCormack upon hearing the news, before succumbing to a retarded fit of masturbation.
As for the definition of "moon," that remained subjective, and a point of contention among many.
"We mooned at $10," commented a wayward spiritual traveler who had evidently been around for quite some time. "We mooned at $100. We mooned at $10k. We moon again soon."
I think people were thinking it was "the moon" when bitcoin hit dollar parity. Let alone the ones above! :-)
PTJ's thoughts on it are obviously good for adoption. The more people who are respected in the hedge fund and Wall Street areas understanding the value that bitcoin brings, the better of course. One alone? Not enough - unless, perhaps, it is Gary Gensler and he approves an ETF.