Paul Tudor Jones is betting on crypto as a hedge against inflation, which he called “the single biggest threat to financial markets.”

The billionaire founder of hedge fund Tudor Investment Corp. said that he prefers digital assets over traditional hedges like gold, and has “crypto in single digits in my portfolio.”

“We're moving into an increasing digitised world,” Tudor Jones said Wednesday in an interview on CNBC’s “Squawk Box.’’ “Clearly there's a place for crypto, and clearly it’s winning the race against gold at the moment.”

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