Over the past decade, some of the world’s most famous billionaires have enriched their portfolios with various altcoin projects. Well, did you know that billionaire investor and hedge fund manager Ray Dalio is an Ethereum investor?
Here are the altcoin projects that billionaires have bought
Founder of the world’s largest free fund firm, Ray Dalio is widely regarded as an expert in all aspects of macroeconomics and markets in general. He shares his views with the public through books or blog posts. Ray Dalio winked at Bitcoin, saying, “The cash is still garbage,” one of his most recognizable comments of late. However, Bitcoin is not the only cryptocurrency that Ray Dalio has. In December 2021, he mentioned that he also owns a measure of Ethereum.
The macro specialist is above all a big advocate of portfolio diversification. Therefore, it is unlikely to gather cryptocurrency investors in a single focus. By choice; Ethereum’s smart contract functionality and large developer ecosystem are its most notable features. Plus, the merge that frees Ethereum from mining paves the way for faster scaling of the network for more processes and lower prices. As a result, it might make sense to follow in the footsteps of an expert like Ray Dalio.
Paul Tudor Jones
Paul Tudor Jones is the legendary investor at the helm of Tudor Investment Corporation. His company currently has a net worth of approximately $7.5 billion. Tudor Jones is best known for conjecturing the stock market crash of 1987. He also had the foresight to be open-minded about Bitcoin. He became one of the first major figures in the classical wealth management world to come out in favor of Bitcoin. Jones looks at Bitcoin as a unique asset. He sees Bitcoin as an inflation defense, among other features. Jones thinks the incoming level of intellectual talent from the crypto department is a good reason to own Bitcoin:
What I learned was that Bitcoin has this enormous corps of really smart and sophisticated people who believe in it… From all over the world, Bitcoin is a success and an ordinary store of value. I’ve never seen an inflation hedge where you have a trigger that you have a large intellectual capital behind it.
The legendary investor confirms that he has allocated a “small, single-digit” stake in Bitcoin in his portfolio. But he states that for a multi-billion dollar fund, this is considerable money. Jones is one of the highest-paid investors of the past few decades.
Mark Cuban has built a reputation for nearly four decades as one of the most prolific technology investors of our time. He amassed more than $4.5 billion in initial investments in the department during the internet boom of the 1990s. No stranger to emerging technologies, Cuban is a fan of cryptocurrencies. It invests in companies that offer blockchain-based artifacts, such as OpenSea. Cuban currently owns a handful of other well-known cryptocurrencies such as Bitcoin and Ethereum. But one that may come as a surprise is, of course, Polygon (MATIC).
In May 2021, Cuban invested directly in Polygon rather than just owning altcoins. “I was a Polygon user and I find myself using it more and more,” Cuban said.
Cuban isn’t the only one who noticed Polygun. Koindeks.com As you follow on , Meta, Coca-Cola and even Disney partnered with Polygon this year for various reasons. Since Cuban’s initial investment in May 2021, Polygon’s price has fallen by more than half. It lost almost 75% of the price from its all-time high in November. Despite the decline though, Polygon’s successes this year put Cuban once again on the brink of a buyout.