Ray Dalio Warns of US National Debt, Boosts Demand for Crypto and Gold

Billionaire #RayDalio , founder of Bridgewater Associates, warns that the gigantic national debt of the US and the risk of the Fed losing its independence threaten the position of the USD as a global reserve currency. He compares the current economy to a "body that has overindulged," with interest payments on debt exceeding 1 trillion USD/year.

Gold and Crypto as Safe Havens

In the context of declining trust in fiat money, Dalio believes that investors are turning to gold and crypto, especially Bitcoin, as an alternative store of value. The price of gold has nearly doubled from 1,811 USD/ounce (on October 6, 2023) to a peak of 3,581 USD/ounce (on the morning of September 4, 2025) according to data from #NEOTECH . He recommends allocating 15% of the investment portfolio to gold or Bitcoin.

Impact and Trends

Dalio notes that national debt is eroding trust in fiat money, driving up the prices of gold and crypto. He believes that Bitcoin and tokens with a limited supply have proven their value as a viable alternative. The emergence of laws like the GENIUS Act also indicates that the US government is indirectly leveraging stablecoins to create stable demand for bonds. This move further reinforces the trend of diversifying reserve assets among nations and businesses, driving massive capital flows into the crypto market. #GOLD