保罗·都铎·琼斯（Paul Tudor Jones）说

Tudor Investment Corp.联合主席和CIO的Paul Tudor Jones最近出现在彭博社采访中，概述了他认为是与通货膨胀作斗争的最佳投资组合。

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的联合主席和CIO Paul Tudor Jones分享了他对打击通货膨胀的最佳投资组合的看法，借鉴了他对经济景观和主要参与者行为的观察。

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.

琼斯在最近接受彭博社的一次采访中，反思了现行的经济政策及其对投资者的影响。他的分析集中在数学家对经济的看法上，他称其为“已经定价”在美国被征税以减少债务的情况。这与日本（全球最受财政约束的国家）的行动相吻合，利用通货膨胀来维持生计并摆脱债务陷阱。

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，琼斯指出，如果通货膨胀变得太猖，，公众可能会变得疲倦，从而导致政府的潜在推翻，如17世纪所见。他建议将资产融合的平衡投资组合可以提供对通货膨胀影响的最佳防御。

"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."

琼斯说：“理想的投资组合是什么……到目前为止奏效的是一些股票的组合，这不会做得很好，如果我们真正拥有的话，这将是可怕的。” “如果他们召集我们，债券市场实际上给我们带来了一次事故，然后散发出来。但是，这可能是黄金，调整后的，比特币，黄金，股票的某种组合。这可能是您与通货膨胀作斗争的最佳投资组合。沃尔（Vol）进行了调整。由于一卷比特币显然是黄金的五倍，因此您要以不同的方式做到这一点。”

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.

当被问及他是否会将其投资组合的1％或2％分配给比特币时，琼斯阐述了为什么他认为加密货币中的价值，尤其是在当前的经济环境中。

"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."

“尤其是现在，路线图很清楚……再一次，如果我是一名决策者，我将运行较低的实际价格。我将要使通货膨胀率很高，我将征税美国消费者摆脱债务陷阱，这正是日本正是日本（正是在全球范围内受到最大限制的人）的工作。直到您的一半膨胀，您就会付出一定的浮动，因为您的浮动变得很热，所以您可能会陷入困境。一夜之间的一半，您正试图奔跑并从中发展出来。”

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，同样在接受彭博（Bloomberg）采访时，迈克尔·塞勒（Michael Saylor）的执行董事长兼首席执行官迈克尔·塞勒（Michael Saylor）也评论了比特币的未来。

"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."

萨尔说：“冬天没有回来。” “我们已经过去了。