Forbes‘Digitizing The Dollar’—BlackRock CEO Reveals His Radical Plan For AI-Powered Crypto That’s Predicted To Blow Up The Price Of Bitcoin And EthereumBy

 

Earlier this year, Bank of America analysts warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days—potentially fueling a bitcoin price surge—and could reach $36 trillion by the end of 2024.

This week, legendary billionaire investor Paul Tudor Jones warned "all roads lead to inflation," telling CNBC that he's "long gold" and "long bitcoin" as a result.

"Under Trump, the deficit goes up by $500 billion per year; under [vice president Kamala] Harris' plan, it goes up by an additional $600 billion per year. I have a feeling all those are just pipe dreams," said Tudor Jones, who earlier this year warned of a "debt bomb" in the U.S. due to "fiscal recklessness."

In 2020, Tudor Jones helped kick off the Covid-era bitcoin and crypto bull run when he came out as one of Wall Street's first bitcoin-backers, calling it the "fastest horse to beat inflation."