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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16682870" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3755489-paul-tudor-jones-says-inflation-picture-is-very-bleak-crypto-offers-great-hedge" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3755489-paul-tudor-jones-says-inflation-picture-is-very-bleak-crypto-offers-great-hedge" target="_blank">Paul Tudor Jones says inflation picture is 'very bleak,' crypto offers great hedge</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Billionaire hedge fund manager Paul Tudor Jones offered what he characterized as a "very bleak picture" of inflation on Wednesday, saying that the fast pace of price increases represented the biggest threat to both the financial markets and society in general.</li> <li data-xf-list-type="ul">To protect portfolios against higher prices, Jones told CNBC that investors should buy commodities, inflation-indexed bonds and cryptocurrencies, like Bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>).</li> <li data-xf-list-type="ul">"Bitcoin will be a great hedge. Crypto will be a great inflation hedge," he said.</li> <li data-xf-list-type="ul">Jones reported that he has crypto in "single digits" in his portfolio, partly because he believes "we are moving into an increasingly digitized world."</li> <li data-xf-list-type="ul">"Clearly, there's a place for crypto. And clearly, it's winning the race against gold at the moment," he contended.</li> <li data-xf-list-type="ul">Jones also lashed out at the Federal Reserve, saying the central bank "is an inflation creator rather than an inflation fighter."</li> <li data-xf-list-type="ul">"I think we have maybe the most inappropriate monetary policy that we've seen maybe in my lifetime," he said.</li> <li data-xf-list-type="ul">Jones argued that policymakers are taking inflation "lightly" because the U.S. hasn't seen this level of inflation for decades.</li> <li data-xf-list-type="ul"><ul> <li data-xf-list-type="ul">"What they're telling you by their actions is that they are going to be slow and late to fight inflation," he said.</li> <li data-xf-list-type="ul">"Somewhere down the road, somebody will have to come in ... and put the hammer down," he added.</li> </ul></li> <li data-xf-list-type="ul">The famed investor expressed a lack of confidence in Fed Chair Jerome Powell, saying he's not the person to fight inflation given the dovish policies he has advocated so far.</li> <li data-xf-list-type="ul">However, Jones predicted that Powell would be re-nominated as head of the U.S. central bank.</li> <li data-xf-list-type="ul">Jones has been an outspoken critic of Fed policy for a while now. <a href="https://seekingalpha.com/news/3705997-paul-tudor-jones-likes-bitcoin-because-its-reliable-and-honest-says-fed-policy-is-absolutely-bat-s-crazy" target="_blank">See why he called policymakers "bat s- crazy" back in June</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16682870, member: 137766"] [URL='https://seekingalpha.com/news/3755489-paul-tudor-jones-says-inflation-picture-is-very-bleak-crypto-offers-great-hedge'] Paul Tudor Jones says inflation picture is 'very bleak,' crypto offers great hedge[/URL] [LIST] [*]Billionaire hedge fund manager Paul Tudor Jones offered what he characterized as a "very bleak picture" of inflation on Wednesday, saying that the fast pace of price increases represented the biggest threat to both the financial markets and society in general. [*]To protect portfolios against higher prices, Jones told CNBC that investors should buy commodities, inflation-indexed bonds and cryptocurrencies, like Bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]). [*]"Bitcoin will be a great hedge. Crypto will be a great inflation hedge," he said. [*]Jones reported that he has crypto in "single digits" in his portfolio, partly because he believes "we are moving into an increasingly digitized world." [*]"Clearly, there's a place for crypto. And clearly, it's winning the race against gold at the moment," he contended. [*]Jones also lashed out at the Federal Reserve, saying the central bank "is an inflation creator rather than an inflation fighter." [*]"I think we have maybe the most inappropriate monetary policy that we've seen maybe in my lifetime," he said. [*]Jones argued that policymakers are taking inflation "lightly" because the U.S. hasn't seen this level of inflation for decades. [*] [LIST] [*]"What they're telling you by their actions is that they are going to be slow and late to fight inflation," he said. [*]"Somewhere down the road, somebody will have to come in ... and put the hammer down," he added. [/LIST] [*]The famed investor expressed a lack of confidence in Fed Chair Jerome Powell, saying he's not the person to fight inflation given the dovish policies he has advocated so far. [*]However, Jones predicted that Powell would be re-nominated as head of the U.S. central bank. [*]Jones has been an outspoken critic of Fed policy for a while now. [URL='https://seekingalpha.com/news/3705997-paul-tudor-jones-likes-bitcoin-because-its-reliable-and-honest-says-fed-policy-is-absolutely-bat-s-crazy']See why he called policymakers "bat s- crazy" back in June[/URL]. [/LIST] [/QUOTE]
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