The hedge fund veteran also suggests holding gold, commodities, and technology stocks.
Paul Tudor Jones is longing Bitcoin (BTC) and other commodities because “all roads lead to inflation” after the United States’ November presidential election, the veteran investor told CNBC on Oct. 22.
“I probably have some basket of gold, Bitcoin, commodities and NASDAQ [technology stocks] and I would own zero fixed income,” Jones, who founded hedge fund Tudor Investment Corporation, said on CNBC’s Squawk Box.
The median inflation expectation among US consumers for the next 12 months stands at around 3%, according to an Oct. 15 release from the Federal Reserve Bank of New York, a part of the US central banking system.