Paul Tudor Jones, a famous hedge fund manager, said in an interview with CNBC on Tuesday that the ballooning US debt was on an unsustainable track. He looked at it as BTC, gold and bulk commodities rather than bonds.

Jones said, "I think all paths lead to inflation... I'm long in gold, I'm long in Bitcoin, and I think the situation where commodities are held is outrageously low, so I'm also long in commodities

Jones suggests hedging against inflation through investment portfolios such as a basket of assets including gold, Bitcoin, commodities, and Nasdaq stocks, and indicates that he does not hold any fixed income assets.

Jones also stated that the United States is currently at an "unprecedented moment in history," with the national debt to GDP ratio increasing from 40% 25 years ago to nearly 100% now. He added that whoever is elected as President of the United States next month must deal with this problem, but the increased spending and tax cuts promised by Kamala Harris and Trump during the election campaign will only exacerbate the problem. Jones said, "Unless we take the issue of expenses seriously, we will soon go bankrupt

Jones believes that the only way to get rid of this situation is to inflate and exceed the debt burden. In this case, the Federal Reserve should adopt loose policies to keep nominal interest rates below the inflation rate and support nominal economic growth beyond inflation.

Data sources: CoinDesk, CNBC