Billionaire hedge fund manager Paul Tudor Jones stated that inflation is inevitable in the coming period and announced that he has made long-term investments in gold and Bitcoin. Jones also made striking predictions about the 2024 US presidential elections.
Billionaire hedge fund manager Paul Tudor Jones, founder of Tudor Investment and Robin Hood Foundation, made important statements about inflation expectations and investment strategy. According to CNBC-e, Jones, who participated in CNBC’s “Squawk Box” program, stated that he expects an inflationary environment in the future, regardless of the administration in the White House, and therefore makes long-term investments in gold and Bitcoin.
“I think all roads lead to inflation,” Jones said, expressing his confidence in commodities and crypto assets. Emphasizing that gold and Bitcoin are inflation-protective assets, Jones noted that young investors generally gravitate towards technology stocks such as Nasdaq.
Jones also predicted that former US President Donald Trump could win the 2024 presidential elections and said he has taken strategic positions against this scenario.
“The high level of US debt is putting serious pressure on inflation and this will cause interest rates to rise further,” Jones said, arguing that the increasing debt burden of the US will further fuel inflation.
Jones’ inflation expectation coincides with the rapid increase in US debt and the rise in Treasury bond yields. Gold prices also hit record highs this week, and Bitcoin’s appreciation this year has reached 57 percent.
