Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, prefers investing in “hard money” like bitcoin and gold over debt assets due to rising global indebtedness. Dalio referred to “unprecedented levels” of debt seen in all major countries, including the United States and China, stressing that current levels are unsustainable.
He believes it is impossible for these countries to avoid a debt crisis in the years ahead. Dalio wants to “steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin.” He sees bitcoin and gold as stable hedges against economic uncertainty. Dalio has become a major bitcoin advocate in recent years, previously believing crypto would not succeed as hoped.
In 2022, he said allocating up to 2% of a portfolio to bitcoin, in addition to gold, is reasonable to hedge against inflation.
Source
<p>The post Ray Dalio Endorses Bitcoin and Gold as Hedge Against Upcoming Debt Crisis first appeared on CoinBuzzFeed.</p>
