During an appearance on CNBC Squawk Box on Tuesday, the billionaire hedge fund CEO Paul Tudor Jones shared his optimistic view on the Bitcoin (CRYPTO: BTC), gold and commodities as effective tools for protect against inflation.
What happened During theinterviewTudor Jones said: “All roads lead to inflation,” and revealed that he invests in gold, Bitcoin and commodities. He pointed out that “commodities are ridiculously undervalued. I am therefore invested in raw materials. »
He also pointed out that younger investors tend to hedge against inflation through the NASDAQ, although he recommended a mix of gold, Bitcoin, commodities and products from the NASDAQ exchange. On the other hand, he was skeptical of fixed income securities.
Tudor Jones further explained that inflating the economy could be a potential way to overcome the current financial challenges, citing Japan’s low interest rate strategy as a model.
“Japan, with inflation at 2% and 30 basis points overnight, does not want to increase its rates,” he noted, adding: “The method to get out of this situation is to inflate the value of your currency to get out of it”.
Also read: Robert Kiyosaki predicts stock market crash and advises investing in gold, silver and Bitcoin
Why it matters Tudor Jones’ perspective emerges amid ongoing debate over Bitcoin’s correlation with gold. A recent report from CryptoQuant highlighted a negative correlation between the twosignaling a preference for the traditional safe-haven assets of gold and commodities.
However, Charles Edwards of Capriole Investments noted that Bitcoin often follows gold price movements with a delay, suggesting that Bitcoin could soon follow gold’s rise.
This ongoing discussion highlights the uncertainty over what is the best protection against inflation, as evidenced by varying investor opinions.
And then : The influence of Bitcoin as an institutional asset class should be explored in depth during Benzinga’s upcoming conference onFuture of digital assets November 19th.
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