Ray Dalio predicts crisis and recommends investing in Bitcoin and gold
Ray Dalio recommends Bitcoin and gold (x.com/RayDalio)
Renowned investor and Bridgewater Associates founder Ray Dalio emphasized the importance of "hard money" like gold and Bitcoin over debt-related assets, citing mounting global debt challenges.
"I believe there will soon be an issue with debt money. I want to stay away from debt assets like bonds and hold some hard money like gold and Bitcoin," he said at the Bitcoin MENA conference in Abu Dhabi, according to SCMP.
Dalio pointed out that debt levels in major economies, including the U.S. and China, have reached unprecedented highs, with Germany being the only exception. He warned that this trend could lead to severe debt crises in the coming years, resulting in significant devaluation of currencies.
The investor sees debt, money, and the economy as critical forces shaping the future. He also highlighted other influential factors, such as internal political tensions driven by income inequality and external geopolitical conflicts, including the ongoing U.S.-China power struggle.
Who is Ray Dalio
Ray Dalio is an American billionaire, investor, philanthropist, and the founder of Bridgewater Associates, the world's largest hedge fund. Born in 1949 in New York, Dalio showed an early interest in finance, making his first stock investment with earnings from part-time jobs.
Founded in 1975, Bridgewater has become one of the most influential players in the financial market, thanks to Dalio's innovative approaches to asset management, including his principles of "radical transparency."
Dalio is celebrated for his analytical perspectives on global economics and is regarded as one of the leading thinkers in the financial world. His books, including Principles, are bestsellers that have inspired millions to delve into economics and personal finance. Beyond managing his fund, Dalio actively engages in philanthropy and studies historical economic cycles, making his insights vital in addressing global challenges like mounting debt, political tensions, and shifts in international economic relations.
Meanwhile, the price of Bitcoin is down 7%, along with the entire cryptocurrency market.
