The billionaire and renowned American investor Paul Tudor Jones stated that he invests in gold, bitcoin, and commodities as a hedge against inflation, expressing his concern over the lack of clear plans from presidential candidates Donald Trump and Kamala Harris to address the U.S. debt crisis.

Jones, who manages a hedge fund, explained that the risk of inflation may worsen after the November elections, especially given the pledges of both candidates to cut taxes and increase spending without addressing the growing deficit in Washington.

Jones warned that ignoring the debt crisis could lead to an inevitable rise in inflation rates within the United States.

Jones said, “All roads lead to inflation, and I will hold gold and bitcoin in the long term. I see that commodities are not owned sufficiently, and therefore I also prefer to hold them for the long term.”

Jones added that he has restructured his investment portfolio towards trades linked to inflation, based on the likelihood of Donald Trump winning.

Although he did not disclose further details, economists predict that Trump’s policies, which include potential increases in tariffs and an extension of the 2017 corporate tax cuts, will boost inflation rates.

However, Jones believes that both Trump and Harris are not sufficiently qualified to handle the increasing debts, pointing out that neither seems to be fully aware of the seriousness of this situation. Jones added that if the incoming president does not work on adjusting financial policies to reduce the debt-to-GDP ratio, the future may see further inflation.