Paul Tudor Jones Wishes for Bitcoin as ‘All Roads Lead to Inflation’

The billionaire investor said “all roads lead to inflation” in an interview with CNBC on October 22. He added that he was long gold and long Bitcoin, claiming the commodity is so “ridiculously under-owned.”

“I probably have a basket of gold, Bitcoin, commodities and Nasdaq, something like that. And I have zero fixed income.”

“I’m long gold, I’m long bitcoin, I think commodities are so ridiculously under-owned, so I’m long commodities,” he says @ptj_official. “I probably have a basket of gold, bitcoin, commodities and Nasdaq, something like that. And I have zero fixed income.” pic.twitter.com/i152rZFlbs

— Squawk Box (@SquawkCNBC) October 22, 2024

Value assets are king

Bitcoiner Anthony Pompliano he commented at the reveal, joking that “it was probably nothing!”

“Paul Tudor Jones goes long on Bitcoin and gold speaks volumes,” the PiWhales account replied to its 514,000 X followers.

“Inflation as a solution to the debt problem could make decentralized assets like Bitcoin even more attractive,” he added.

Bitcoin reached 6.5% of its peak price on October 21, but has retreated to the $67,000 level over the past few days.

Gold prices are up 33% this year and are trading above $2,750 for the first time in history. Meanwhile, silver prices are now trading at their highest level since 2012, with an increase of more than 46% by 2024.

Jones explained that inflation will occur regardless of what the central bank does because the country needs to address its debt-to-GDP problems.

“If we’re trying to stabilize debt to GDP, we want to pursue the most moderate monetary policy we can without letting inflation become too much of a tax on the public.”

Total US public debt as a percentage of gross domestic product is currently 120%, according to the Federal Reserve Bank of St. Louis.

A high debt-to-GDP ratio can limit a country’s ability to respond to economic shocks, increase the risk of debt default and lead to higher interest rates. It can also lead to a vicious cycle of debt, inflation and reduced economic growth potential, which ultimately threatens the country’s long-term economic stability.

The US national debt is currently $35.7 trillion, and growing exponentially.

It took the US 221 years to create the first $12 trillion of national debt.

We have added $12 trillion more in debt in the last 5 years.

crazy pic.twitter.com/Y4CmOGI1bH

— Anthony Pompliano (@APompliano) October 22, 2024

Central banks disagree

However, the world’s central banks and monetary policy masters will paint a different picture. In its October 22 World Economic Outlook forecast, the International Monetary Fund stated that “the battle against inflation is largely won.”

Global inflation rates rose during the Covid lockdowns, but have fallen since then. However, the real rate of inflation, which is measured by the ever-increasing cost of fuel, food, energy and utility bills for ordinary consumers, continues to rise in most countries.

Paul Tudor Jones warned about inflation in 2022 and predicted that Bitcoin and Ethereum prices would rise.

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