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  • Paul Tudor Jones says he’s long gold and Bitcoin

    Paul Tudor Jones says he’s long gold and Bitcoin

    • Billionaire Paul Tudor Jones is bullish on gold and Bitcoin
    • The hedge fund manager told CNBC that commodities are under-owned

    Paul Tudor Jones says he is long the precious metal gold and digital asset Bitcoin (BTC) ahead of the US election and as inflationary pressures look to persist beyond the November vote.

    The billionaire hedge fund manager shared his investment strategy during an interview with CNBC’s Andrew Ross Sorkin on October 22. Jones, the founder and chief investment officer of Tudor Investment, told Sorkin that his trading strategy is long gold and long Bitcoin.

    Bitcoin, gold

    According to the Tudor Investment CIO, the market has commodities “ridiculously under-owned” and that’s why he’s bullish on commodities as well. Jones also has Nasdaq as a long-term bet – despite who wins the US presidential election. Data on Polymarket shows most crypto traders on the platform are leaning toward Donald Trump.

    While he takes a bullish outlook on BTC, gold, and commodities in general, Jones is bearish on bonds amid worrying government spending. He believes if the government doesn’t get serious about this, it’s a scenario that could see the bond market hit a major sell-off.

    Amid this outlook, the hedge fund manager doesn’t plan to own any fixed income.

    “The question is after this election will we have a Minsky moment here in the United States and US debt markets?” he commented.

    Bitcoin’s price hovered around $67,500 at the time of writing on Tuesday, October 22, up 52% year-to-date and 125% over the past year. The cryptocurrency rallied to an all-time high of $73k in March.

    Meanwhile, gold has been on a tear in recent weeks. As of Tuesday, the precious metal’s price ticked $2,747.68 for an all-time high. Gold’s price has increased over 33% year-to-date.

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  • Peter Todd denies he’s Satoshi Nakamoto after HBO documentary

    Peter Todd denies he’s Satoshi Nakamoto after HBO documentary

    Solv Protocol introduces Bitcoin staking on Base with cbBTC token
    • Film director, Cullen Hoback, points to Peter Todd as Bitcoin’s inventor
    • Hoback relies on a 2010 web forum post in which Todd responded to one of Satoshi’s post
    • Todd points out that he’s Satoshi “as is everyone else”

    HBO’s latest documentary has named Bitcoin core developer Peter Todd as Satoshi Nakamoto, the mysterious inventor behind Bitcoin.

    “Money Electric: The Bitcoin Mystery,” directed by Cullen Hoback, examines Bitcoin’s early days and some of its key figures. Using old and new clues, Hoback confronts Todd and Blockstream founder Adam Back with the evidence, according to a report from Politico.

    During the documentary’s finale when confronted with a question from Hoback, Todd said: “Yeah, I’m Satoshi Nakamoto.” This is far from being a confession, though, as Todd also said he was Craig Wright.

    Hoback’s reasoning behind Todd being Bitcoin’s creator lies in a 2010 web forum post in which Todd responded to one of Satoshi’s posts. According to Hoback, Todd’s post is a continuation of Satoshi’s that was mistakenly sent from Todd’s account rather than Satoshi’s.

    The film director cited another clue, in which Todd wrote in a blog post that he was “probably the world’s leading expert” on how to sacrifice Bitcoin, adding that he had “done one such sacrifice”. According to Hoback, this was an admission that Todd had sacrificed his ability to access Bitcoin.

    Not a confession

    Todd’s admission is by no means concrete proof that the Canadian developer is the cryptocurrency’s inventor.

    Todd is well known for saying the phrase “I am Satoshi,” In fact, during a 2019 interview in “What Bitcoin Did,” with podcast host Peter McCormack, Todd said, “I am Satoshi, as is everyone else.”

    Ahead of the documentary’s release, Todd denied he was Satoshi after it was leaked online. Following its release, Todd took to social media again to deny he was Satoshi after someone called him out, writing, “I’m not Satoshi.”

    During the documentary, Todd said to Hoback after he presented his theory: “This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it.”

    Jameson Lopp, co-founder of Bitcoin company Casa, wrote on X that “wherever Satoshi may be, I like to think they’re having a laugh at this latest round of foolishness.”

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