Bitcoin and Ethereum like precious metals – billionaire Paul Tudor Jones sees parallels

Bitcoin Course (BTC) will always stay with the Proof of Work algorithm.

Paul Tudor Jones is one of the well-known Bitcoin advocates and supporters. In the past, the billionaire expressed himself positively several times in relation to crypto currencies and emphasized their relevance in connection with a potential devaluation of the US dollar. In a current interview Tudor Jones spoke now about Bitcoin, Ethereum and the comparison with precious metals.

Paul Tudor Jones about Bitcoin and Ethereum

In a current discussion with Yahoo! finance the billionaire Paul Tudor Jones spoke about his long-term prognosis to the most well-known crypto currencies.

Tudor Jones made interesting statements and certified further Wachstumspotenzial to the number 1 crypto currency Bitcoin. Thus he said for example that Bitcoin still has the „wrong market capitalization“.

Straight one compared with companies and Fiat currencies is still further clear Potenzial upward possible.

One of its most interesting statements referred probably to the comparison of the crypto currencies with precious metals. Thus Tudor Jones is the opinion that crypto currencies can take a similar role as a multiplicity of precious metals.

The comparison between Bitcoin and gold due to some characteristics as for example the scarcity is here as far as possible well-known. Tudor Jones compared other crypto-currencies with metals such as copper, platinum or palladium.

Ethereum and the comparison with platinum

Ethereum can be compared with platinum, for example. Because of its versatility, the billionaire sees a certain similarity with the metal, which is used for jewelry, laboratory equipment and even in the automotive industry.

The next comparison, named by Paul Tudor Jones, also looks familiar.

Tudor Jones said that the current crypto ecosystem is comparable to the rise of Internet companies in the 1990s.

There are some crypto currencies where he sees real applications and a high growth potential. For the majority of the crypto currencies it is however probable that they will leave the market in the medium to long term due to lack of demand.

So let us note that Tudor Jones gives an outlook on his personal forecast in the Yahoo! finance interview. Tudor Jones compares crypto currencies not only with precious metals, but also with the Internet hype of the 1990s.

In his opinion, everything points to a further increase in the market, although he assumes that only a few, few projects will survive in the medium to long term.