Billionaire hedge fund manager Paul Tudor Jones, CEO of Tudor Investment Corporation, highlighted the growing threat of inflation in a recent interview with CNBC, describing Bitcoin and gold as essential assets amid rising recession fears in the United States.

During the interview, Jones revealed his investment strategy, stating that he is actively purchasing both Bitcoin and gold, positioning himself long in these assets, further reflecting a broader concern about the current economic landscape and the potential consequences of “unchecked government spending.”

Jones Urges Investment In Bitcoin And Gold

Jones articulated his worries about the US fiscal situation, saying, “We are going to be broke really quickly unless we get serious about dealing with our spending issues.” 

Jones warned that excessive government expenditure could trigger a significant sell-off in the bond market, leading to spiking interest rates. As a result, he plans to avoid fixed-income investments and intends to bet against longer-dated bonds.

The hedge fund manager asked whether the US debt markets might experience a “Minsky moment,” a term referring to a sudden collapse in asset prices. 

The billionaire pointed out that budget deficits have also increased under both former President Donald Trump and President Joe Biden, expressing concern about the fiscal management of both administrations. 

Jones criticized Trump and Vice President Kamala Harris, stating they are “least suited for the job ahead of them” regarding budgetary issues. He specifical

Go to Source to See Full Article
Author: Ronaldo Marquez