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[Paul Tudor Jones Is Bullish On Bitcoin And Commodities As Inflation Expectations Rise After The US Election] Veteran Investor Paul Tudor Jones Said He Is Bullish On Bitcoin And Other Commodities Due To Rising Inflation Expectations After The US Election. Jones Said On CNBC's Squawk Box That He Will Hold Gold, Bitcoin, Commodities And NASDAQ Technology Stocks Instead Of Fixed Income Assets. According To Data Released By The Federal Reserve Bank Of New York On October 15, The Median Inflation Expectation Of US Consumers For The Next 12 Months Is About 3%. However, Jones Believes That Increased US Government Spending And Upcoming Tax Cuts Make It Almost Impossible To Achieve These Goals. The Congressional Budget Office Estimates That The Federal Government Deficit Will Reach $1.9 Trillion In Fiscal 2024 And Is Expected To Increase To $2.8 Trillion By 2034. Jones Believes That The Only Solution Is To Get Out Of Trouble Through Inflation, And Cites Japan As An Example. JPMorgan Pointed Out In An October 3 Report That Investors Are Turning To Gold And Bitcoin To Cope With The "catastrophic Scenario" Brought About By Increased Geopolitical Tensions. The Report Also Mentioned That Bitcoin Exchange-traded Funds Saw A Resurgence Of Inflows In September, Indicating That Retail Investors May Also View Gold And Bitcoin As Similar Safe-haven Assets. As Of Now, The Price Of Bitcoin Has Risen By More Than 50%, And Analysts Expect Its Price Target To Be Close To Its Current All-time High Of $73,679
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