Legendary investor Paul Tudor Jones is worried about the state of the U.S. economy and its mounting debt. His investing solution to hedge against inflation includes buying commodities—including Bitcoin. 

“I think all roads lead to inflation,” he said Tuesday on CNBC. “I’m long gold, I’m long Bitcoin. I think commodities are so ridiculously underowned—so I’m long commodities.”

He added that most young people find inflation hedges by investing in the Nasdaq—which “has been great.” 

Billionaire investor Jones, who founded hedge fund Tudor Investment Corporation, said he is concerned about mounting American debt. U.S. national debt currently stands at $35.77 trillion and counting.

National debt is what the American federal government carries to pay for things like defense, education, and healthcare. 

He said that the only way a nation gets out of such high debt is to inflate its way out of it. “All roads lead to inflation—that’s historically the way every civilization has got out: they’ve inflated away their debts,” he said. 

Bitcoiners have touted the cryptocurrency as a hedge against inflation, although many experts still don’t see it as a hedge like other traditional assets, such as gold. 

Jones has repeatedly said in the past that he likes Bitcoin and that the asset can be held by investors in times of uncertainty. The Wall Street titan even claimed back in 2021 that Bitcoin could be a hedge against inflation. 

“I like the idea of investing in something that is reliable, consistent, honest, and a hundred percent certain," he said at the time. "Bitcoin has appealed to me because it’s a way for me to invest in certainty."

Edited by Andrew Hayward