During a Wednesday appearance on Bloomberg, hedge fund titan Paul Tudor Jones said that a volatility-adjusted portfolio that is comprised of gold, Bitcoin, and stocks would be the best option for those investors who want to hedge against inflation.
“That’s probably your best portfolio to hedge against inflation,” Jones told “Bloomberg Open Interest” earlier today.
Moreover, Jones has reaffirmed his Bitcoin allocation recommendation of 1-2%.
He is convinced that it has become particularly relevant in the current environment.
Jones has implied that Bitcoin could potentially serve as a protective asset against policymakers’ efforts to get out of the “debt trap” at the expense of the American consumer.
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“Again, if I’m a policymaker, I’m gonna run really low real rates, I’m gonna have inflation running hot, and I’m gonna tax the American consumer to get out of my debt trap,” he said.
Jones was, of course, one of the first financial juggernauts to embrace Bitcoin back in 2020. Throughout the years, he has not soured on the cryptocurrency that he embraced during the period of massive quantitative easing. Last October, Jones stated that he was long both gold and Bitcoin.
AI’s disruptive potential
During the most recent interview, Jones also described artificial intelligence (AI) as the “most disruptive technology” in the history of mankind.
Last month, Jones warned that AI could potentially wipe out half of humanity.