Hedge fund billionaire Paul Tudor Jones says gold is losing race to crypto as an inflation hedge

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Hedge fund billionaire Paul Tudor Jones says crypto is currently his preferred way to hedge against inflation.

In a new interview with CNBC, Jones says crypto has acted as a great hedge lately and is winning the race against gold.

“Crypto has been a great hedge… I said then, I said now, I have single digit crypto in my wallet. I have a small trading position in our fund. I think we are entering an increasingly digital world. Clearly, there is a place for crypto, and clearly, it is winning the race against gold right now. So yes, I think that would also be a very good hedge against inflation. It would be my favorite over gold right now.

The billionaire, who heads investment management firm Tudor Investment Corporation, said that while the new Bitcoin exchange-traded futures fund (ETF) is a regulated and legitimate product, he believes a better investment is to own physical BTC.

“I think a better way in would be to own physical Bitcoin, to take the time to learn how to own it and transport it. I think the ETF will be fine. I think the fact that it’s SEC approved should give you great comfort.

The investor claims embracing Bitcoin is part of the American character and that China’s refusal to do so could have economic consequences for the country in the future.

“I think crypto is here to stay. Look, this is the United States of America, isn’t it? The reason why we are the most dominant economic power [in] the world is because we unleash our entrepreneurial spirit and our creativity. And you see China doing the exact opposite. This place is on, economically, a slow boat to the South Pole. As long as the United States can continue to unleash our entrepreneurs, we will always be in a dominant position.

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