Hedge Fund Legend Paul Tudor Jones Is Long Bitcoin And Gold As ”All Roads Lead To Inflation”
Release: 2024/10/23 18:14 Reading: 618
Hedge fund billionaire Paul Tudor Jones proclaims his bullish stance on Bitcoin, gold, and commodities amid looming inflation fears.
Jones asserts that campaign pledges by both presidential candidates, Donald Trump and Kamala Harris, regarding additional spending and tax cuts will further escalate inflationary pressures. "All roads lead to inflation," he declared to CNBC.
"The US is at a pivotal moment," Jones emphasizes. src="/uploads/20241023/17296830126718de44238e8.png">
Jones warns that failure to address the nation's spending habits will lead to financial ruin. "The US will go broke really quick," he predicts.
As a solution, Jones advises investing in a portfolio of gold, Bitcoin, commodities, and Nasdaq stocks.
Other prominent figures share Jones' concerns about the rising US debt, which has now reached $35.77 trillion. Federal Reserve Chair Jerome Powell and legendary investor Stanley Druckenmiller have also raised alarms.
Since 1924, the US national debt has skyrocketed from $394 billion to its current astronomical level, ballooning even further since 1981. The debt-to-GDP ratio has surpassed 100% and currently stands at 124%.
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