Ray Dalio, an American investor and founder of the world’s largest hedge fund, Bridgewater Associates, has revealed that he is investing in bitcoin (BTC) and gold rather than debt assets. The billionaire now serving as Bridgewater Associates’ investment chief believes that major economies, including the United States, China, and Germany (excluding), are seeing unprecedented levels of debt, which could lead to a debt money problem and a decline in the value of debt assets.
Dalio recommends steering clear of debt assets and investing in hard money, such as gold and bitcoin. He believes these assets are the best option for preserving wealth, as they can withstand the forces of debt, money, the economy, acts of nature, and new technologies. In 2017, Dalio had been critical of bitcoin, predicting that the cryptocurrency would not perform as well as hoped.
However, with its recent surge in value and crossing $100,000, Dalio has become an advocate for bitcoin over debt assets.
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<p>The post Dalio Endorses Bitcoin and Gold Over Debt Assets Amid Looming Global Debt Crisis first appeared on CoinBuzzFeed.</p>
