The billionaire investor said that \u201call roads lead to inflation\u201d in an interview with CNBC on Oct. 22.\u00a0He added that he was long on gold and long on Bitcoin, stating that commodities are so \u201cridiculously under-owned.\u201d<\/p>\n
\u201cI probably have some basket of gold, Bitcoin, commodities, and Nasdaq, something like that. And I own zero fixed income.\u201d<\/p>\n
\u201cI\u2019m long gold, I\u2019m long bitcoin, I think commodities are so ridiculously under-owned so I\u2019m long commodities,\u201d says @ptj_official<\/a>. \u201cI probably have some basket of gold, bitcoin, commodities and Nasdaq, something like that. And I own zero fixed income.\u201d pic.twitter.com\/i152rZFlbs<\/a><\/p>\n \u2014 Squawk Box (@SquawkCNBC) October 22, 2024<\/a><\/p>\n\n Bitcoiner Anthony Pompliano commented<\/a> on the revelation, jesting that it was \u201cprobably nothing!\u201d<\/p>\n \u201cPaul Tudor Jones going long on Bitcoin and gold speaks volumes,\u201d replied the PiWhales account to its 514,000 X followers.<\/p>\n \u201cInflation as a solution to the debt problem could make decentralized assets like Bitcoin even more attractive,\u201d it added.<\/p>\n Bitcoin came to within 6.5% of its peak price on Oct. 21 but has retreated back to the $67,000 level over the past couple of days.<\/p>\n Gold prices are now up 33% this year and trading above $2,750 for the first time in history. Meanwhile, silver prices are now trading at their highest level since 2012, up over 46% in 2024.<\/p>\n Jones<\/a> explained that inflation<\/a> will occur no matter what the central bank does because the country needs to tackle its debt-to-GDP problems.<\/p>\n \u201cIf we\u2019re trying to stabilize debt to GDP, we want to run the most dovish monetary policy that we can without letting inflation become too much of a tax in the citizenry.\u201d<\/p>\n The total US public debt as a percent of gross domestic product is currently 120%, according<\/a> to the Federal Reserve Bank of St. Louis.<\/p>\n A high debt-to-GDP ratio can limit a country\u2019s ability to respond to economic shocks, increase the risk of debt default, and lead to higher interest rates. It can also lead to a vicious cycle of debt, inflation, and reduced economic growth potential, ultimately threatening the country\u2019s long-term economic stability.<\/p>\n The US national debt is currently a whopping $35.7 trillion, and it is increasing exponentially.<\/p>\n It took 221 years for the US to create the first $12 trillion of national debt.<\/p>\n We added another $12 trillion of debt in the last 5 years.<\/p>\n Insane. pic.twitter.com\/Y4CmOGI1bH<\/a><\/p>\n \u2014 Anthony Pompliano (@APompliano) October 22, 2024<\/a><\/p>\n\n However, the world\u2019s central banks and masters of monetary policy will paint a different picture.\u00a0In its World Economic Outlook forecast on Oct. 22, the International Monetary Fund claimed<\/a> that \u201cthe battle against inflation is largely won.\u201d<\/p>\n Global inflation rates surged during the Covid lockdowns, but they have come down since.\u00a0However, the real rate of inflation, which is measured by the ever-increasing cost of fuel, food, energy, and utility bills for regular consumers, continues to increase in most countries.<\/p>\n Paul Tudor Jones warned about inflation<\/a> in 2022, predicting that Bitcoin and Ethereum prices would rise.<\/p>\n The post Paul Tudor Jones Longs Bitcoin as \u2018All Roads Lead to Inflation\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The billionaire investor said that \u201call roads lead to inflation\u201d in an interview with CNBC on Oct. 22.\u00a0He added that he was long on gold and long on Bitcoin, stating that commodities are so \u201cridiculously under-owned.\u201d \u201cI probably have some basket of gold, Bitcoin, commodities, and Nasdaq, something like that. And I own zero fixed […]<\/p>\n","protected":false},"author":0,"featured_media":15803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/15802"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15802"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/15802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/15803"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Store of Value Assets Are King<\/h2>\n
Central Banks Disagree<\/h2>\n