Takeshi Fujimaki, a former adviser to George Soros, has said that Paul Tudor Jones is attempting to capture the big trend. According to Fujimaki, Jones’ recent investment into Bitcoin (BTC) indicates that he is concerned about inflation and believes that cryptocurrencies could benefit in such an environment.
Following the recent growth and popularity of Grayscale’s Bitcoin Trust security in the past few months, investment firm Wilshire Phoenix has filed an application with the U.S. Securities and Exchange Commission to launch a publicly traded Bitcoin fund. If the fund gets the green signal it is likely to attract institutional investors.