Billionaire Paul Tudor Jones Backs Bitcoin and Gold Amid Inflation Fears

Paul Tudor Jones, the billionaire hedge fund manager, recently revealed in an interview with CNBC that he is bullish on both Bitcoin and gold, expressing his worries about the trajectory of the United States debt. He views these assets as an inflation hedge. 

“All roads lead to inflation. I am long gold. I am long Bitcoin. I own zero fixed income. To get out of this debt problem, the playbook is to inflate your way out”,  he said at CNBC Squawk. 

BREAKING: BILLIONAIRE HEDGE FUND MANAGER PAUL TUDOR JONES SAYS “I’M LONG GOLD, I’M LONG BITCOIN”

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Jones Sees Bitcoin as Inflation Hedge

Discussing issues regarding the upcoming US presidential election and the economy, Jones said that it’s not just about who wins but how the market reacts to the winning candidate’s policies, raising the alarm about the country’s spending issues. 

The founder and chief investment officer of Tudor Investment sees Bitcoin and gold as excellent stores of value against the rising tide of inflation, adding that the assets will be vital to overcoming the debt crisis. 

He further explains that he holds no long-term fixed income, as he believes it is a poor investment given the inevitable rise in inflation.

He also disclosed that he stays away from bonds and instead focuses on inflation-proof assets such as Bitcoin as part of his hedge against inflation. 

Jones’s recent views reflect a growing unease over what fate will befall traditional finance and the increasing confidence that cryptocurrencies like Bitcoin might serve as a better store of value. His endorsement of the crypto asset highlights its growing appeal to investors.

Not the First 

Jones first made known his bullish stance on Bitcoin in May 2020, when he recommended an allocation of 1%- 2% of his diversified portfolio to the cryptocurrency. A year later, he said he was considering a 5% allocation to Bitcoin. 

However, Jones was less optimistic about Bitcoin in 2023. He cited regulatory and monetary pressures as potential hurdles for the cryptocurrency. 

Fast forward to today, the billionaire has joined the growing list of well-known investors expressing their confidence in the crypto asset as hedges against inflation. This underscores the shifting landscape of wealth preservation in the digital age.