Bitcoin.com - Veteran investor Paul Tudor Jones shared his thoughts on CNBC last Tuesday, confidently stating that he is sticking with "hard money" like gold and Bitcoin. In his view, anything else leads straight to inflation.
What's Driving Paul Tudor Jones' Latest Foray Into Bitcoin, Gold, and Commodities?
Jones is bullish on both gold and Bitcoin, which have performed reliably this year. For example, gold prices hit $2,748.96 per ounce by midday Tuesday. Meanwhile, Bitcoin was trading at $67.5K per coin, down just 8.4% from its all-time high. Jones emphasized during his appearance on CNBC that he is very bullish on commodities and BTC.
“All roads lead to inflation,” Jones told CNBC. “I’m long gold. I’m long Bitcoin. I have zero exposure to fixed income. The exit scenario for this [debt problem] is to inflate out of it.”
The billionaire investor added:
I think commodities are so incredibly undervalued... so I'm long commodities.
This isn’t the first time Jones has praised Bitcoin, as he already holds some BTC in his portfolio. Just over a week ago, he warned of rising geopolitical tensions, noting that the U.S. is “in the weakest financial position since World War II.” During his appearance on CNBC, Jones also expressed ongoing concerns about the growing U.S. national debt.
Back in 2022, when BTC was recovering from the devastating Terra blockchain crash and just before the FTX debuckle, Jones predicted that the price of Bitcoin would “go much higher.” Even then, he was warning about the state of the U.S. economy, predicting that “financial restructuring” was on the horizon. His comments on Bitcoin came just two weeks before the 47th U.S. election, where many expect financial policy to change based on the outcome.
Authors' Take: When Paul Tudor Jones shares his thoughts, the financial world listens closely. As the visionary behind Tudor Investment Corporation, Jones has consistently demonstrated a knack for accurately predicting market trends. His latest warning about unsustainable U.S. debt is worth heeding.
