BlockBeats reported on December 11 that Ray Dalio, billionaire hedge fund manager and founder of Bridgewater Associates, warned at Abu Dhabi Financial Week that a debt crisis in major economies is imminent. He stated that the current “unprecedented” level of debt is unsustainable, and it is inevitable that these countries will face a debt crisis in the next few years.
While “hard currencies” such as Bitcoin and gold offer safer options, Dalio advises investors to “think more about the big forces on the world stage” rather than just focusing on “daily headlines.”
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