Legendary macro trader Paul Tudor Jones called Bitcoin (CRYPTO: BTC) “unequivocally, the best inflation hedge that there is” and argued it beats gold on scarcity value with its fixed 21 million supply cap.
Why Bitcoin Beats Gold As Inflation Hedge
Jones, founder and CIO of Tudor Investment Corp., made the case for Bitcoin on the Invest Like the Best podcast Tuesday, pointing to its finite supply as the key differentiator from gold.
“Gold increases supply every year by a couple of percent. Bitcoin, there’s a finite amount that can be mined. It’s decentralized. And so in that sense, it has the greatest scarcity value of anything,” Jones explained.
Bitcoin has less than 1 million BTC left that can be mined out of its 21 million fixed cap.
Jones first advocated for owning Bitcoin as a hedge against central bank …