### Bitcoin and Gold Surge Amid Rising Inflation Concerns, Says Hedge Funder Paul Tudor Jones

Bitcoin has climbed past $64,000, and gold prices have seen a substantial increase as inflation fears grip the financial markets. Billionaire hedge fund manager Paul Tudor Jones shared his insights on CNBC, favoring Bitcoin, gold, and other commodities over traditional bonds.

Jones emphasized the unsustainable trajectory of U.S. debt, arguing that it inevitably leads to higher inflation. "I'm long gold, long bitcoin," Jones declared, revealing his investment strategy focused more on tangible assets and less on fixed income. He noted that he would short bonds, especially those with longer durations.

Echoing similar concerns from influential figures, even Federal Reserve Chair Jerome Powell has acknowledged the alarming levels of U.S. debt. Legendary investor Stanley Druckenmiller recently also disclosed his position against U.S. government bonds, reflecting a growing skepticism about the bonds market.

Highlighting the gravity of the situation, Jones remarked on the rapid rise of the national debt, which has mushroomed to nearly 100% of GDP from just 40% a quarter of a century ago. He warned that the next political leaders would have to tackle this mounting issue, but he expressed concern that the campaign promises of both Harris and Trump, which include increased spending and tax cuts, may worsen the situation.

Jones painted a dire picture, stating, "We are going to be broke really quick unless we get serious about dealing with our spending issues." He advocated for inflating and outgrowing the debt burden, suggesting that the Federal Reserve should maintain nominal interest rates below inflation and support economic growth that surpasses inflation rates.

In conclusion, Jones recommended investing in a diversified portfolio that includes gold, bitcoin, commodities, and Nasdaq stocks, with zero investment in fixed income.