{"id":18016,"date":"2024-10-23T14:52:51","date_gmt":"2024-10-23T11:52:51","guid":{"rendered":"https:\/\/forklog.com\/en\/paul-tudor-jones-advocates-bitcoin-amid-inflation-concerns-post-us-elections\/"},"modified":"2024-10-23T14:52:51","modified_gmt":"2024-10-23T11:52:51","slug":"paul-tudor-jones-advocates-bitcoin-amid-inflation-concerns-post-us-elections","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paul-tudor-jones-advocates-bitcoin-amid-inflation-concerns-post-us-elections\/","title":{"rendered":"Paul Tudor Jones Advocates Bitcoin Amid Inflation Concerns Post-US Elections"},"content":{"rendered":"<p>Following the US presidential elections, &#8220;all roads lead to inflation,&#8221; 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 <a href=\"https:\/\/cointelegraph.com\/news\/paul-tudor-jones-all-roads-lead-inflation-long-bitcoin\">Cointelegraph<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;<em>I have a basket of gold, bitcoin, commodities, and NASDAQ [technology stocks]. I&#8217;ve eliminated bonds<\/em>,&#8221; the expert explained.<\/p>\n<\/blockquote>\n<p>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.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;<em>We will quickly find ourselves in trouble if we don&#8217;t start seriously addressing government spending issues<\/em>,&#8221; said Jones.<\/p>\n<\/blockquote>\n<p>According to estimates by the <span data-descr=\"Congressional Budget Office\" class=\"old_tooltip\">CBO<\/span>, the federal budget deficit in the 2024 fiscal year will <a href=\"https:\/\/www.cbo.gov\/publication\/60039#:~:text=The%20Budget%20Outlook,-Deficits&#038;text=In%20CBO's%20projections%2C%20the%20federal,to%20%242.8%20trillion%20by%202034.\">reach $1.9 trillion<\/a>. By 2034, this figure is expected to rise to $2.8 trillion.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The only way out of this situation is through issuance,&#8221;<\/em> Jones indicated.<\/p>\n<\/blockquote>\n<p>The expert cited Japan as an example of a country following this strategy.<\/p>\n<p>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 (&#8220;debt devaluation&#8221;).<\/p>\n<p>Experts believe that in this scenario, bitcoin will serve as a hedge against economic instability.<\/p>\n<p>Previously, BlackRock CEO Larry Fink expressed confidence in the rising price of the leading cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the US presidential elections, &#8220;all roads lead to inflation,&#8221; 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. &#8220;I have a basket of gold, bitcoin, commodities, and NASDAQ [technology stocks]. I&#8217;ve eliminated bonds,&#8221; the expert explained. Jones [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1224,1138],"class_list":["post-18016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-macroeconomics","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18016"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18015"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}