'Watching the birth of a store of value' - Paul Tudor Jones on Bitcoin

Paul Tudor Jones made some news last week with his investor letter disclosing a stake in Bitcoin (BTC-USD). He's on CNBC this morning talking about specifically about that, and more generally his worry that a new inflation is taking hold.Bitcoin, he says, is just 11 years old, and still lacking a lot of trust. But each day that goes by brings more of that trust, he argues. He's got nearly 2% of his assets in the crypto.And don't forget about gold (XAU:USD), says PTJ. Production growth of bullion is 1% annually, while the U.S. money supply is going up at a 30% pace. Gold's (GLD) been a store of value of 2.5K years, and the price is going "substantially higher."Bitcoin, by the way, had a rough weekend, dropping from nearly $10K to its current level of $8.9K. Gold is modestly lower this morning at $1,707 per ounce.