Billionaire Paul Tudor Jones Warns Of ‘Crazy’ Inflation—Touts Bitcoin As ‘Way To Invest In Certainty’ – Forbes

Billionaire Paul Tudor Jones Warns Of ‘Crazy’ Inflation—Touts Bitcoin As ‘Way To Invest In Certainty’ – Forbes


Topline

Ahead of the Federal Reserve’s highly awaited policy decision this week, billionaire hedge fund manager Paul Tudor Jones said he’s nervous the central bank isn’t moving quickly enough to address problematic inflation, warning its insistence that recent price spikes are only temporary is “disingenuous” and telling investors to double down on defensive investments like cash, commodities and even volatile bitcoin.

Key Facts

“Things are absolute bat-sh*t crazy right now,” Tudor Jones, who founded Stamford, Conn.-based Tudor Investment Corporation in 1980, said Monday on CNBC’s Squawk Box, calling the Fed’s Wednesday meeting the most important of the past five years because of inflation data revealing biggest price spikes in 13 years for two months in a row. 

“The only thing I know for sure is I want to have 5% in gold, 5% in bitcoin, 5% in cash and 5% in commodities,” Tudor Jones said, touting the common inflation hedges and adding that how he allocates the rest of his portfolio is contingent on whether or not the Fed,
Source…