#CryptoNews
Ray Dalio Advocates Bitcoin and Gold as Inflation Hedges Amid U.S Debt Surge
Bitcoin has gone from a routine decentralized medium of exchange to become one of the most valuable assets in the world
And as with any apex asset the OG coin has witnessed massive global interest from both corporate bodies and regional powers
Top industry stakeholders are now calling for an increased portfolio inclusion of the first-born crypto highlighting it as a store of value amid the rising U.S debt profile
Ray Dalio suggests a 15% portfolio allocation in Bitcoin or gold to hedge against rising inflation and national debt concerns
Dalio warns of potential risks in Bitcoin including blockchain transparency and code-level vulnerabilities
The U.S is set to issue $12 trillion in Treasury bonds as national debt surpasses $36.7 trillion stoking investor fears
Senator Cynthia Lummis joins calls promoting Bitcoin as a store of value for low to middle income Americans amid inflation pressures