“Bitcoin pops 12% to $40,000 after Tudor Jones endorsement, Musk’s about-face on accepting crypto”
June 14, 2021
“The cryptocurrency then took another leg higher above $40,000 on bullish comments by legendary investor Paul Tudor Jones.
Bitcoin jumped 12.5% to $40,178 in 24 hours, according to Coinbase. The cryptocurrency started Sunday trading at just $34,880. Since the start of the year, bitcoin has surged more than 30%, though it has experienced wild swings. It hit an all-time high of $64,829.14 in April and hit a low near $30,000 in May following a 30% intraday crash.
“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,” Tudor Jones said on CNBC’s “Squawk Box” on Monday…”
This is why you never panic sell. Bitcoin isn’t going anywhere anytime soon. Projections for 1 coin is 1 million dollars long term. Don’t sell. It’s not a wise decision unless you’re extremely good at pumping and dumping the market.