Tesla (NASDAQ:TSLA), Block (NYSE:SQ) and Ark Invest are big buyers and owners of Bitcoin, but their holdings have been crushed. Legendary trader and investor Paul Tudor Jones was one of the first big-name market participants to make the case for Bitcoin as a hedge against inflation. I believe that eventually a large number of cryptocurrencies will be eliminated via regular market mechanics, however, others like Bitcoin and Ethereum (ETH-USD) will survive.