Legendary investor Paul Tudor Jones expresses concerns about the state of the US economy and its increasing debt. His inflation hedge investment strategy includes buying commodities, including Bitcoin.
“I think all roads lead to inflation,” he said on Tuesday in an interview with CNBC. “I’m long gold, I’m long Bitcoin. I think commodities are severely undervalued – so I’m long commodities.”
He added that most young people hedge against inflation by investing in Nasdaq, which is “great”.
Jones, a billionaire investor who founded the hedge fund Tudor Investment Corporation, expressed worry about the continuous increase in US debt. The US national debt currently stands at $35.77 trillion and is still growing. Government bonds are what the US federal government uses to pay for expenses like defense, education, and healthcare.
He said the only way for a country to get rid of such high debt is through inflation. “All roads lead to inflation – every civilization in history has gotten rid of their debts through inflation,” he said.
Bitcoin enthusiasts tout the cryptocurrency as a hedge against inflation, although many experts still do not see it as a hedge like traditional assets such as gold.
Jones has mentioned his affinity for Bitcoin multiple times in the past, stating that it can be held as an asset during uncertain times. The Wall Street titan even claimed back in 2021 that Bitcoin could hedge against inflation.
“I like investing in things that are reliable, consistent, honest, and 100% certain,” he said at the time. “Bitcoin appealed to me because it’s a way for me to invest in certainty.”
Editor: Andrew Hayward
