Paul Tudor Jones: 'It's Hard Not to Want to Be Long Crypto Because of the Intellectual Capital'

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 4 May 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. On today’s episode, NLW previews the upcoming Fed meeting through the lens of a CNBC interview with billionaire hedge funder Paul Tudor Jones. Jones characterized this as one of the most challenging times for the Fed in its history and said that it’s an unbelievably bad time for financial assets. The founder of Tudor Investment also discusses the reasons why he’s long-term bullish on crypto, which include an influx of human capital. - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Kevin Mazur/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	The Great Monetary Inflation thesis, which has been so wrapped up with Bitcoin and Tudor Jones
0:05.0	coming to Bitcoin, was predicated on what was validated to be a pretty dead on assessment
0:10.1	of a coming secular shift in the macroeconomic landscape and the potential challenges of the Fed's
0:15.3	response to it. Welcome back to The Breakdown with me, NLW.
0:22.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:28.0	The breakdown is sponsored by nexo.io, near NFTX, and produced and distributed by CoinDesk.
0:35.7	What's going on, guys? It is Tuesday, May 3rd, and today we are checking in on our old friend
0:41.6	Paul Tudor Jones. Before that, a couple housekeeping notes. There are two ways to listen to the
0:48.3	breakdown. You can listen on the CoinDesk Crypto Podcast Network feed, which features the breakdown
0:53.4	as well as other great shows, or you can listen on the breakdown-est Crypto Podcast Network feed, which features the breakdown as well as other great shows,
0:55.4	or you can listen on the Breakdown Only feed.
0:58.1	The CoinDesk feed comes out in the afternoon, and the Breakdown Only feed comes out in the evening.
1:02.9	Wherever you listen, if you're enjoying it, chuck a subscription our way.
1:07.6	Leave a rating, leave a review.
1:09.4	And of course, if you want to get into the conversation
1:11.8	in a deeper way, come join us on the Breakers Discord. You can find a link in the show notes.
1:17.5	Lastly, a disclosure, as always, in addition to them being a sponsor of the show, I also work
1:22.0	with FTX. So this is sort of our Fed meeting preview show today, but we're going to come at it through
1:29.1	the lens of Paul Tudor Jones. For those of you who aren't familiar, PtieJ is from a crop of hedge
1:34.6	funders of the era of Julian Robertson and Tiger that we talked about the other day. He started
1:40.1	the hedge fund that he's still investing out of in 1980. Where Jones really started to
1:45.5	become known was for predicting 1987's Black Monday crash. Earlier that year, he had said,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.