- Paul Tudor Jones expressed his preference for investing in Bitcoin (BTC) and gold (GLD) due to concerns over the U.S. fiscal outlook
- Jones cited the U.S. government’s debt and deficit issues as factors that aren’t going away regardless of who wins the presidency
- He believes that “all roads lead to inflation” and has taken long positions in Bitcoin and gold as a result
Paul Tudor Jones, founder of Tudor Investment Corporation, recently shared his thoughts on Bitcoin, gold, and inflation in an interview at the SALT Conference in Las Vegas.
Jones’ Views on Bitcoin
Jones said he likes Bitcoin as an asset class because he believes it serves as a great diversifier. He thinks Bitcoin has a lot of attraction as an asset class given its limited supply and its ability to meet the needs of digital natives.
Jones on Gold
The legendary investor also said he likes gold right now. He thinks gold will be a good hedge as a store of value against the “Great Monetary Inflation” happening across the globe right now.
Outlook on Inflation
Jones warned that inflation is currently the biggest threat facing investors. He criticized the Federal Reserve for downplaying the risk of inflation. Jones thinks U.S. fiscal and monetary policies are very inflationary right now.
Criticism of Federal Reserve
The billionaire investor slammed Fed Chairman Jerome Powell for claiming inflation is transitory. Jones accused Powell of “drinking the Kool-Aid.” He thinks the Fed is vastly underestimating the risk of inflation.
Conclusion
Paul Tudor Jones shared his bullish views on Bitcoin and gold. He thinks both assets will serve as good hedges against inflation resulting from current U.S. fiscal and monetary policies. Jones issued strong criticism of Fed Chairman Powell for downplaying the inflation threat. The legendary investor remains concerned about the inflationary environment right now.
