Ray Dalio predicts a global debt crisis, supports investment in Bitcoin and gold

Ray Dalio has warned of a potential global debt crisis, emphasizing that major countries like the United States and China are facing unprecedented levels of debt, which cannot be sustained for long. He urges investors to pivot towards hard assets like gold and Bitcoin to protect their wealth from currency devaluation in this context.

Dalio believes that in the context of rising inflation and current economic instability, investing in Bitcoin and gold is a more reasonable strategy compared to holding debt assets like bonds. He has recommended that a 2% allocation of the investment portfolio to Bitcoin alongside gold is a wise decision to hedge against risk. Although in the past Dalio was skeptical about Bitcoin's prospects, he has changed his view and now considers it a valuable asset in the near future.