Share this article
Billionaire Hedge Fund Manager Paul Tudor Jones: A Bet on Bitcoin Is a Bet on Human Ingenuity
A recap of an exceptionally bullish week for bitcoin and crypto as a whole.
Updated Sep 14, 2021, 10:23 a.m. Published Oct 24, 2020, 1:00 p.m.
A recap of an exceptionally bullish week for bitcoin and crypto as a whole.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
On this week’s Breakdown weekly recap, NLW looks at:
- The initial price action that started the week
- Debates about whether BTC was thriving at the expense of alts and DeFi
- The PayPal news
- News of more public companies putting treasury reserves into BTC
- Paul Tudor Jones’ optimistic take on the human ingenuity driving bitcoin’s success
This week on The Breakdown:
Monday | A New ‘Bretton Woods’ Moment?
Tuesday | How Strong Is Bitcoin’s Push Above $12,000?
Wednesday | PayPal Adds Bitcoin: Most Bullish News of the Year?
Thursday | ‘Google Is One of the Most Important Antitrust Cases of All Time,’ With Matt Stoller
Friday | Why Fiats Are Failing in 2020
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin slides with ether and XRP as market tests $3 trillion floor
BTC's weak tone contrasted with moderate gains in major Asian equity indices, which drew strength mostly from expectations of fiscal stimulus.
What to know:
- Crypto markets continued to decline, with overall capitalization falling below $3 trillion for the third time in a month.
- Large-cap assets, particularly those with ETF exposure, are experiencing selling pressure as institutional investors reassess risk.
- Bitcoin's decline contrasts with gains in major Asian equity indices, which are buoyed by expectations of fiscal stimulus from Beijing.
Top Stories
