Billionaire hedge fund manager Paul Tudor Jones has revealed his strong stance on gold, Bitcoin, and commodities as he anticipates an inflationary future, regardless of the outcome of the upcoming U.S. presidential election. Jones, known for his prescient investment moves, including his profitable bets during the 1987 stock market crash, believes that inflation is inevitable.

Inflation Fears Shape Investment Strategy

Speaking to CNBC, Jones stated, “I think all roads lead to inflation.” He is currently long on gold, Bitcoin, and other commodities, describing them as “ridiculously under-owned.” The hedge fund titan noted that many younger investors are hedging inflation risks through tech stocks like those in the Nasdaq, which have also performed well.

Positioning for a Trump Victory

Jones shared that he has started positioning his portfolio for a potential victory by former President Donald Trump in the 2024 election. His belief is that the proposed tax cuts and spending plans from both major candidates will ultimately fuel inflation, which will cause a surge in Treasury yields.

Jones voiced concerns about the rising U.S. debt, which is expected to hit $2.8 trillion by 2034, with debt-to-GDP rising to 122%. He argues that the government’s increasing deficit will eventually push the country to “inflate its way out” of its financial troubles.

Gold and Bitcoin Shine as Key Assets

Gold and Bitcoin have been standout assets this year, with gold reaching a record high of $2,740 per ounce and Bitcoin surging 57%. Jones’s commitment to these assets as inflation hedges underscores his view that commodities and crypto are crucial in navigating what he sees as an inevitable inflationary storm.