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Hedge fund legend and billionaire Paul Tudor Jones says that he is long <a href="https://insidebitcoins.com/news/best-bitcoin-casinos-according-to-trustpilot" rel="noopener noreferrer nofollow">Bitcoin</a>, gold and commodities as inflation is unavoidable.Campaign promises of additional spending and tax cuts made by both Donald <a href="https://insidebitcoins.com/news/is-it-too-late-to-buy-trump-trump-ai-price-skyrockets-30872-in-a-week-and-this-might-be-the-next-crypto-to-explode" rel="noopener noreferrer nofollow">Trump</a> and Kamala Harris as they compete to become the next US president could only exacerbate the inflation problem, he said.“I think all roads lead to inflation,” Tudor Jones told CNBC yesterday, adding that the US is at an “incredible moment in history.”<img src="https://www.trendfollowing.com/wp-content/uploads/2017/11/paul_tudor_jones.jpg" alt="Paul Tudor Jones on Trend Following"><h2 id="span-style-font-weight-400-paul-tudor-jones-warns-the-us-will-go-broke-if-it-doesn-t-address-spending-span">Paul Tudor Jones Warns The US Will ”Go Broke” If It Doesn’t Address Spending</h2>The US will “go broke really quick” if the country’s leaders don’t address the nation’s spending issues soon, he added.<blockquote class="twitter-tweet">Billionaire hedge fund manager Paul Tudor Jones:“All roads lead to inflation … I’m long gold, I’m long Bitcoin, I’m long commodities” <a href="https://t.co/CRM5nA0vp3" rel="noopener noreferrer nofollow">pic.twitter.com/CRM5nA0vp3</a>— Michael Burry Stock Tracker ♟ (@burrytracker) <a href="https://twitter.com/burrytracker/status/1848755309268918364?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 22, 2024</a></blockquote>Tudor Jones argued that the only escape from the current financial situation in the US is to inflate and outgrow the nation’s debt burden. Tudor Jones then suggested that investors build a “basket of gold, Bitcoin, commodities and Nasdaq.”<h2 id="span-style-font-weight-400-other-major-public-figures-voice-concerns-as-us-national-debt-reaches-35-77-trillion-span">Other Major Public Figures Voice Concerns As US National Debt Reaches $35.77 Trillion</h2>Tudor Jones is not alone in his belief that inflation is inevitable due to the ballooning debt in the US. Warnings were also raised by US Federal Reserve Chair Jerome Powell, who <a href="https://www.pgpf.org/blog/2024/02/fed-chair-powell-its-past-time-to-address-our-national-debt" rel="noopener noreferrer nofollow">said</a> that US debt levels are untenable.Legendary investor Stanley Druckenmiller also recently shared his take on the worsening financial situation in the US, <a href="https://www.marketwatch.com/story/stanley-druckenmiller-says-hes-shorting-u-s-bonds-and-staying-out-of-china-1fcf751e" rel="noopener noreferrer nofollow">disclosing</a>&nbsp;that he is betting against US bonds.&nbsp;According to fiscal data from the US Treasury, the total national <a href="https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/" rel="noopener noreferrer nofollow">debt</a> in the US is $35.77 trillion. Over the last century, the figure has surged from $394 billion in 1924 to its current level. The national debt started ballooning in 1981, when it stood at just $3.38 trillion.&nbsp;Meanwhile, the US’s debt to GDP ratio crossed the 100% threshold in 2013 and now stands at 124%.<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3><ul><li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/michael-saylor-faces-backlash-for-backing-too-big-to-fail-banks-over-self-custody-for-bitcoin" rel="noopener noreferrer nofollow">Michael Saylor Faces Backlash For Backing ”Too Big To Fail” Banks Over Self-Custody For Bitcoin</a></li><li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/pepe-unchained-surges-past-21m-in-presale-after-50k-whale-buy-as-meme-coin-market-cap-hits-62b" rel="noopener noreferrer nofollow">Pepe Unchained Surges Past $21M In Presale After $50K Whale Buy As Meme Coin Market Cap Hits $62B</a></li><li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/apecoin-price-prediction-as-ape-plunges-15-this-innovative-staking-meme-coin-ico-charges-towards-3-million" rel="noopener noreferrer nofollow">ApeCoin Price Prediction: As APE Plunges 15%, This Innovative Staking Meme Coin ICO Charges Towards $3 Million</a></li></ul>

Hedge Fund Legend Paul Tudor Jones Is Long Bitcoin And Gold As ”All Roads Lead To Inflation”

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