Paul Tudor Jones Says Bitcoin As ‘All Roads Lead To Inflation’

“All roads lead to inflation,” the billionaire investor said in an Oct. 22 interview with CNBC.

“I probably have a certain basket of gold, bitcoin, commodities and the Nasdaq. And I have zero fixed income.

@ptj_official says “I'm long gold, I'm long bitcoin, I think I'm long commodities because they're ridiculously under-owned. I probably have some basket of gold, bitcoin, commodities and Nasdaq. And I have zero fixed income. pic.twitter .com/i152rZFlbs

— Squawk Box (@SquawkCNBC) October 22, 2024

Storage of valuables is king.

Bitcoiner Anthony Pompliano commented on the vision, “Maybe it doesn't matter!”

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

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

Bitcoin came within 6.5% of its October 21 peak, but retreated to the $67,000 level over the past two days.

Gold prices are up 33 percent 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, up more than 46 percent by 2024.

Jones explained that no matter what the central bank does, inflation will occur because the country needs to address its GDP debt problem.

“If we're trying to stabilize debt to GDP, we want to run the most accommodative monetary policy we can without letting inflation become an overtax on citizens.”

According to the Federal Reserve Bank of St. Louis, total US public debt as a percentage of GDP is 120%.

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 could lead to a vicious cycle of debt, inflation and reduced economic growth potential, ultimately threatening the country's long-term economic stability.

The U.S. national debt is currently at a whopping $35.7 trillion, and growing at a rapid rate.

It took the United States 221 years to create its first $12 trillion national debt.

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

Crazy. pic.twitter.com/Y4CmOGI1bH

— Anthony Pompliano (@APompliano) October 22, 2024

Central banks disagree.

However, the world's central bankers and masters of monetary policy paint a different picture. In its October 22 World Economic Outlook, the International Monetary Fund said “the war on inflation is largely won.”

Global inflation spiked during the Covid lockdowns, but has since declined. However, real inflation, measured by steadily rising fuel, food, energy and utility bills, is rising in most countries.

Paul Tudor Jones warned about inflation in 2022, predicting that the price of Bitcoin and Ethereum will increase.