⚡ Billionaire Paul Tudor Bullish on Bitcoin and Gold
posted 22 Oct 2024
American billionaire hedge fund manager Paul Tudor talked about elections and the economic situation in a recent Squawk Box interview.
Discussing how the market will respond to a win of any of the candidates, Tudor said no matter the results inflation rates will likely increase.
While users vote on betting platforms, among which Polymarket is especially trendy, Tudor said he’s skeptical about polls. According to him, regardless of the results, inflation is going to grow, so he prefers not to have a fixed income.
All roads lead to inflation. I’m long gold. I’m long Bitcoin. I own zero fixed income. The playbook to get out of this [debt problem] is that you inflate your way outTudor said.
The hedge fund manager added that his investment portfolio will consist of gold, Bitcoin, other commodities, and NASDAQ.
Bitcoin has been playing a key role in US presidential elections, with Election Day set for November 5, 2024. The competition between Donald Trump and Kamala Harris is getting stronger.
The election can have a big impact on crypto regulations and its price. Donald Trump has been actively advocating for crypto during his campaign, while Kamala Harris has not taken an official approach to crypto.
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