Can’t Decide Between Gold Or Bitcoin? Why Not Both?

Can’t Decide Between Gold Or Bitcoin? Why Not Both?

Paul Tudor Jones is super bullish on Bitcoin right now and may give the crypto the same 5% weighting as gold, commodities and cash. Two years ago this month, the billionaire hedge fund manager said that gold was his favorite trade in the next 12 to 24 months due to geopolitical disruptions, among other factors. The yellow metal "has everything going for it," he told Bloomberg. It was a good call. Over the next 12 months, the gold price surged from around $1, 330 an ounce to $1, 730, and in August 2020 it eventually hit its all-time high of $2, 073“”a 55% increase from the day Jones announced his bullishness. This week he made a similar call in response to runaway inflation, saying he'd go "all in" on not just gold but also crypto and commodities if the Federal Reserve refuses to step in and tame rising consumer prices. (For the record, the Fed did just that, leaving rates at historic lows for now.) "If [the Fed governors] say, 'We're on the path, things are good,' then I would just go all in on the inflation trades. I'd probably buy commodities, buy crypto, buy gold," Jones told CNBC. He