Paul Tudor Jones Advocates Bitcoin Amid Inflation Concerns Post-US Elections

Following the US presidential elections, “all roads lead to inflation,” making bitcoin a necessary component of any portfolio, according to trader and founder of the hedge fund Tudor Investment, Paul Tudor Jones, as reported by Cointelegraph.

“I have a basket of gold, bitcoin, commodities, and NASDAQ [technology stocks]. I’ve eliminated bonds,” the expert explained.

Jones argues that the increase in US government spending and the upcoming tax cuts make it nearly impossible for inflation to return to the target 2% without radical policy changes.

“We will quickly find ourselves in trouble if we don’t start seriously addressing government spending issues,” said Jones.

According to estimates by the CBO, the federal budget deficit in the 2024 fiscal year will reach $1.9 trillion. By 2034, this figure is expected to rise to $2.8 trillion.

“The only way out of this situation is through issuance,” Jones indicated.

The expert cited Japan as an example of a country following this strategy.

JPMorgan suggests that a potential victory by Republican candidate Donald Trump in the US presidential elections could heighten turbulence due to expected tariff increases and expanded government spending (“debt devaluation”).

Experts believe that in this scenario, bitcoin will serve as a hedge against economic instability.

Previously, BlackRock CEO Larry Fink expressed confidence in the rising price of the leading cryptocurrency.