Paul Tudor Jones: Bitcoin is the undisputed best inflation hedge.

In a recent podcast interview, macro investor and hedge fund manager Paul Tudor Jones stated that Bitcoin is "unequivocally the best inflation hedge" and calls it a "significant knockout opportunity" in the market. Jones points out that truly large-scale trading opportunities typically arise when market structures are imbalanced, assets are under-allocated, or policies are misjudged. He believes that Bitcoin outperforms gold in inflation trading due to its scarcity and decentralized nature. He emphasizes that Bitcoin's total supply is capped at 21 million, with less than 1 million currently available for mining, while gold continues to increase its supply annually, giving Bitcoin a stronger advantage in terms of scarcity. Jones recalls that in 2020, against the backdrop of the Federal Reserve and fiscal expansion, Bitcoin became one of the best-performing inflation hedges, subsequently increasing its allocation to around 5% of his portfolio. However, he also cautions against risks, noting that in the event of a large-scale "kinetic conflict" or cyberwar-level incident, the electronic asset system could face systemic disruption, and Bitcoin could also be impacted. Furthermore, the risks associated with quantum computing and AI-driven future cryptography could also become a source of long-term uncertainty. (The Block)