Billionaire Paul Tudor Jones: Bitcoin is the best hedge against inflation today.

Billionaire hedge fund manager Paul Tudor Jones once again affirmed that he increasingly prioritizes Bitcoin over gold as a hedge against inflation, while also expressing optimism about the market's potential for continued growth.

Jones — the founder and Chief Investment Officer of Tudor Investment Corporation, a company managing approximately 40 billion USD in assets — made this statement on CNBC's Squawk Box on October 6.

Billionaire Paul Tudor JonesHe stated that he still maintains a “single-digit” allocation to crypto in his portfolio, emphasizing that the global financial system is “strongly transitioning to the digital age,” where the limited supply of Bitcoin makes it an outstanding hedge against inflation.

Jones stated that structural trends are shifting towards digital and alternative currency systems, while calling Bitcoin “very attractive” in the current macro context. He believes that Bitcoin will outperform all other asset classes.

“We are in a very favorable phase for the sharp increase in the prices of many assets,” he said.

Jones compares Bitcoin to gold — a traditional safe-haven asset that has struggled to maintain real returns after inflation adjustments in recent years.

“Bitcoin will be a great hedge… Gold still has its own role, but in a world overflowing with monetary stimulus and fiscal expansion, the fixed supply and decentralization of Bitcoin give it a superior advantage,” he added.

Jones believes that the appeal of Bitcoin is not only speculative but also increasingly important as a diversification tool for portfolios and as a protection of assets against inflation.

As of the time of this article, Bitcoin has reached a new peak of over 126,000 USD — a long way from the price of less than 1 USD in 2009. This exponential increase is driven by limited supply, increasing institutional investment, and global demand for inflation-resistant assets, making Bitcoin one of the most profitable investments in history.

Paul Tudor Jones — one of the first figures on Wall Street to publicly support Bitcoin — revealed in 2020 that he had bought Bitcoin, calling it the “fastest horse in the race” during a time when central banks were unleashing unprecedented monetary stimulus packages.

He also stated that the upward trend of the stock market “still has room to continue” before reaching the “peak of excitement” that he predicts will occur in the near future.

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