This thesis got a sudden, unexpected boost today when legendary trader and famed macro hedge fund billionaire Paul Tudor Jones said he's buying Bitcoin as a hedge against the inflation he sees emerging from the Fed's money-printing, even telling clients that bitcoin reminds him of "the role gold played in the 1970s".

PTJ is betting on bitcoin because he believes the best profit-maximizing strategy is to "own the fastest horse," according to Bloomberg, which cited a note to clients recently authored by PTJ, which he titled "The Great Monetary Inflation."

"If I am forced to forecast, my bet is it will be Bitcoin."

Jones said his Tudor BVI fund may hold as much as a low single-digit percentage of its assets in Bitcoin futures.

Jones isn't the only one worried about the long-term ramifications of the Powell Fed's actions: Morgan Stanley expects the Fed balance sheet to hit $12 trillion by the end of 2021, nearly 3x its pre-corona peak, although the bank is so far stuck in only peddling stocks, which are certainly doing quite well in Venezuela these days. Not well enough to keep up with the currency debasement but well for sure.