保羅·都鐸·瓊斯（Paul Tudor Jones）說

Tudor Investment Corp.聯合主席和CIO的Paul Tudor Jones最近出現在彭博社採訪中，概述了他認為是與通貨膨脹作鬥爭的最佳投資組合。

Co-Chairman and CIO of Tudor Investment Corp, Paul Tudor Jones, has shared his thoughts on the best portfolio to combat inflation, drawing upon his observations of the economic landscape and the behavior of key players.

Tudor Investment Corp的聯合主席和CIO Paul Tudor Jones分享了他對打擊通貨膨脹的最佳投資組合的看法，借鑒了他對經濟景觀和主要參與者行為的觀察。

In a recent interview with Bloomberg, Jones reflected on the prevailing economic policies and their implications for investors. His analysis focused on the mathematicians' view of the economy, which he described as having "already priced in" a scenario where the U.S. is taxed to reduce the debt. This aligns with the actions of Japan, the world's most fiscally constrained nation, in using inflation to stay afloat and get out of the debt trap.

瓊斯在最近接受彭博社的一次採訪中，反思了現行的經濟政策及其對投資者的影響。他的分析集中在數學家對經濟的看法上，他稱其為“已經定價”在美國被徵稅以減少債務的情況。這與日本（全球最受財政約束的國家）的行動相吻合，利用通貨膨脹來維持生計並擺脫債務陷阱。

However, Jones noted that the public might grow weary if inflation becomes too rampant, leading to a potential overthrow of the government, as seen in the 17th century. He suggested that a balanced portfolio with a mix of assets could provide the best defense against inflation's impact.

但是，瓊斯指出，如果通貨膨脹變得太猖，，公眾可能會變得疲倦，從而導致政府的潛在推翻，如17世紀所見。他建議將資產融合的平衡投資組合可以提供對通貨膨脹影響的最佳防禦。

"What would an ideal portfolio be... What has worked so far is some combinations of stocks, which won’t do great, which would do terribly if we ever actually had," Jones said. "If they called us out and the bond market actually gave us an accident that then spilled over. But it would be some kind of combination of probably gold, vol adjusted, Bitcoin, gold, stocks. That’s probably your best portfolio to fight inflation. Vol adjusted because the vol of Bitcoin obviously is five times that of gold, so you’re going to do it in different ways."

瓊斯說：“理想的投資組合是什麼……到目前為止奏效的是一些股票的組合，這不會做得很好，如果我們真正擁有的話，這將是可怕的。” “如果他們召集我們，債券市場實際上給我們帶來了一次事故，然後散發出來。但是，這可能是黃金，調整後的，比特幣，黃金，股票的某種組合。這可能是您與通貨膨脹作鬥爭的最佳投資組合。沃爾（Vol）進行了調整。由於一卷比特幣顯然是黃金的五倍，因此您要以不同的方式做到這一點。”

When asked if he would allocate 1 or 2 percent of his portfolio to Bitcoin, Jones elaborated on the bigger picture behind why he sees value in the cryptocurrency, especially in the current economic climate.

當被問及他是否會將其投資組合的1％或2％分配給比特幣時，瓊斯闡述了為什麼他認為加密貨幣中的價值，尤其是在當前的經濟環境中。

"Particularly now, that the road map is clear... Again, if I am a policymaker, I’m going to run really low real rates. I am going to have inflation running hot and I’m gonna tax the American Consumer to get out of my debt trap, and that’s exactly what Japan, who’s the most fiscally constrained in the world, is doing. And it works until the population throws you out because you let the inflation get too hot. So maybe you’re in a world with three and a half percent inflation and two and a half percent overnight rate and you are kind of trying to run hot and grow your way out of it."

“尤其是現在，路線圖很清楚……再一次，如果我是一名決策者，我將運行較低的實際價格。我將要使通貨膨脹率很高，我將徵稅美國消費者擺脫債務陷阱，這正是日本正是日本（正是在全球範圍內受到最大限制的人）的工作。直到您的一半膨脹，您就會付出一定的浮動，因為您的浮動變得很熱，所以您可能會陷入困境。一夜之間的一半，您正試圖奔跑並從中發展出來。”

Yesterday, also in an interview with Bloomberg, the Executive Chairman and CEO of Strategy Michael Saylor commented about the future of Bitcoin as well.

昨天，同樣在接受彭博（Bloomberg）採訪時，邁克爾·塞勒（Michael Saylor）的執行董事長兼首席執行官邁克爾·塞勒（Michael Saylor）也評論了比特幣的未來。

"Winter is not coming back," commented Sayor. "We are past that phase. If Bitcoin is not going to zero, it is going to $1 million. The President of the United States is determined. He supports Bitcoin, the cabinet supports Bitcoin, Scott Bessent supports Bitcoin, Paul Atkins is shown himself to be an enthusiastic believer of Bitcoin and digital assets... Bitcoin has gotten through its riskiest period."

薩爾說：“冬天沒有回來。” “我們已經過去了。