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Ray Dalio Backs Bitcoin and Gold, Warns of Debt Crisis đŞđť
Ray Dalio, founder of #Bridgewater Associates, warns of a looming global debt crisis and advocates for investing in hard assets like Bitcoin and gold instead of debt-based assets such as bonds.
Speaking at a financial conference, Dalio highlighted unsustainable debt levels in major economies, predicting a significant decline in currency value. This marks a notable shift in Dalioâs stance, as he increasingly views Bitcoin as a legitimate #hedge alongside gold. Meanwhile, gold advocate Peter Schiff criticizes the idea of a U.S. Bitcoin reserve, urging the Biden administration to sell government-held Bitcoin before 2025.
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Ray Dalio, founder of #Bridgewater Associates, warns of a looming global debt crisis and advocates for investing in hard assets like Bitcoin and gold instead of debt-based assets such as bonds.
Speaking at a financial conference, Dalio highlighted unsustainable debt levels in major economies, predicting a significant decline in currency value. This marks a notable shift in Dalioâs stance, as he increasingly views Bitcoin as a legitimate #hedge alongside gold. Meanwhile, gold advocate Peter Schiff criticizes the idea of a U.S. Bitcoin reserve, urging the Biden administration to sell government-held Bitcoin before 2025.
If you enjoy my content, feel free to tip me â¤ď¸
#Binance
#crypto2024
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