The year 2020 will forever be remembered as a special year in the history of Bitcoin. There will clearly be a before and after of the COVID-19 crisis. The responses of governments and central bankers to this pandemic of a magnitude not seen in decades have exposed once again the flaws in the current monetary and financial system.

Even those who had always refused to open their eyes realized that we were in the middle of great monetary inflation.

Under these conditions, it became obvious that it was up to each individual to make the best decisions to protect their money future. If you don't do it, no one will do it for you. You cannot rely on governments and central bankers to make decisions that will preserve the fruits of your labor over the long term.

Paul Tudor Jones was the first prominent institutional investor to take a stand in favor of Bitcoin

In the world of institutional investors, many had already been tempted by Bitcoin for several months, but one fear remained. The fear of being misperceived by the rest of the profession. Indeed, Bitcoin was still seen as a dangerous investment at the beginning of 2020 in this world.

And then, in May 2020, one man came out of the woodwork to change everything. The announcement made by this legendary Wall Street investor will probably remain as the tipping point for Bitcoin. That man's name is Paul Tudor Jones.

In May 2020, shortly before Bitcoin's third Halving, Paul Tudor Jones revealed to the world that he was opting for Bitcoin instead of gold as a hedge against the great monetary inflation. This announcement set the world of institutional investors free.

For a little over a year now, many other major Wall Street investors have joined Paul Tudor Jones in his analysis: Bitcoin is a tremendous opportunity that must be seized.

At the time, Paul Tudor Jones explained that he had allocated 1% of his portfolio to Bitcoin.

Paul Tudor Jones explains the certainty that Bitcoin gives him

Interviewed in mid-June 2021 by CNBC, Paul Tudor Jones revealed this time that he had gone from allocating about 1% to 5% of his portfolio to Bitcoin. He once again took the opportunity to explain why Bitcoin is so attractive to investors from all walks of life in these highly inflationary times.

The words used by Paul Tudor Jones to justify his attraction to Bitcoin are extremely powerful:

“Listen, I like Bitcoin right. Bitcoin is math…I like the idea of investing in something that’s reliable, consistent, honest, and 100% certain. So Bitcoin has appealed to me because it’s a way for me to invest in certainty.”

I get five powerful words out of this sentence by Paul Tudor Jones:

• Math

• Reliable

• Consistent

• Honest

• 100% Certain

If Paul Tudor Jones has opted for Bitcoin, it is also and above all because its programmatic monetary policy is known to all in advance and which therefore leaves no surprises. Everyone knows that a Bitcoin Halving takes place every 210,000 blocks mined.

Bitcoin's programmatic monetary policy makes all the difference

By 2024, the supply of new Bitcoin issued each day will be halved again no matter what. And so on every 4 years.

This inevitability of Bitcoin makes it predictable. This gives investors incredible guarantees. Paul Tudor Jones chooses Bitcoin over the erratic monetary policies of the Fed, which depend only on a handful of people who are not representative of the people.

This is a strong signal sent once again in favor of Bitcoin at a time when some are starting to doubt it as the price of Bitcoin just experienced its first crash of the year in May 2021.

While many new entrants doubt, institutional investors like Paul Tudor Jones have no doubt. For him, Bitcoin will succeed and he wants to take advantage of it. Who knows if he won't increase his portfolio allocation to Bitcoin to 10% in the coming months.

Many will realize in the future that allocating 5% of their portfolio to Bitcoin is not enough

As Michael J. Saylor says, that would be something extremely logical:

“If you invest 5% of your portfolio in Bitcoin, you have made the decision to invest 95% of your portfolio in assets getting demonetized by bitcoin.”

By investing only 5% of your portfolio in Bitcoin, you are leaving 95% of the rest of your portfolio at the mercy of the Fed and government decisions. So it is in your best interest to go well beyond that 5%.

This is the opinion I share with all Bitcoiners, and it is nice to see that Michael J. Saylor is putting his words into action as he continues to accumulate more and more BTC with MicroStrategy.

Final Thoughts

Getting back to Paul Tudor Jones, you may recall that when he came to Bitcoin's defense in May 2020, its price was still under $10K. Many people imagined that Halving was already priced. Paul Tudor Jones didn't think so, and neither did yours truly and many other Bitcoiners.

He was absolutely right, as the Bitcoin price then began a phenomenal bullish rally starting in October 2020. All you had to do to take advantage of it was to be patient. The same thing is happening now. It's up to you to be patient and take the long view like Bitcoiners or institutional investors like Paul Tudor Jones.

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