'All roads lead to inflation'

Happy Bitcoin Friday! — Oct. 25, 2024

'All roads lead to inflation'

Famed investor and hedge fund manager Paul Tudor Jones gave an interview where he made the following points:

• all roads lead to inflation

• he’s long bitcoin

• he’s long gold

• he’s long commodities

Jones likes a basket of bitcoin, gold, commodities, and the Nasdaq right now. None of this is new though. He’s been outspoken about his desire to have exposure to these hedge assets since COVID.

In 2020…

Jones called bitcoin “the fastest horse.”

Late 2020 Yahoo Finance Article—Paul Tudor Jones makes bull case for bitcoin: 'The path forward from here is north'

Jones is among a select few outspoken, prominent investors who have been pro-bitcoin since before this year. Nowadays, we have the likes of BlackRock’s Larry Fink spearheading the bitcoin bull case as they run the largest spot bitcoin ETF in the world. Prior to the ETF launches in January of this year, it was Jones, Cathie Wood, and Bill Miller revealing positions as most of Wall Street looked on.

We had Ray Dalio calling bitcoin “one hell of an invention” but not committing more than a small position to it.

Jones, however, is with the bulls.

The issue at the heart of his thesis is monetary debasement.

The current path we’re on has no real solution for the inflation problem. Knowing that, the natural hedge is traditional commodities like gold, potential high growth businesses that live in the Nasdaq, and a hybrid of both, which is bitcoin.

Digital Commodity

Bitcoin is a digital commodity.