Paul Tudor Jones May Go All-In on Inflation Trading, Wants to Allocate 5% to Bitcoin

Hedge fund manager Paul Tudor Jones told CNBC on Monday that he will be "all in on the inflation trade" if the Federal Reserve continues to do nothing about rising consumer prices.

Jones discussed the potential impact of Federal Reserve Chairman Jerome Powell's insistence that the recent acceleration in inflation to its fastest level in 13 years is "temporary."

The U.S. central bank’s monetary policy committee will meet behind closed doors for two days this week to review the latest economic data and is expected to issue a statement on Wednesday followed by a news conference with Powell. Jones said he will be watching the matter closely.

“If they’re indifferent, I think it just gives the green light to every inflation trade,” Jones said of the economic indicators during an interview on CNBC Squawk Box.

“If they say, ‘We’re on track, everything’s fine,’ then I’d go all in on the inflation trade,” Jones said. “I’d probably buy commodities, cryptocurrencies and gold.”

Jones said he likes Bitcoin and thinks it is a good way to preserve wealth in the long run. He holds Bitcoin in his portfolio and compares it to gold.

In May, Jones put 1% to 2% of his assets into Bitcoin. His company, Tudor Investment Corporation, has a market value of $44.6 billion and recently established custodial relationships with financial giants such as Coinbase and Bakkt.

Jones told CNBC on Monday that he wants 5% of his portfolio in Bitcoin.

“The only thing I know for sure is I want 5% gold, 5% Bitcoin, 5% cash and 5% commodities,” Jones said.

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