Dalio out here calling for bonds to get dumped and stacking $BTC + gold instead. His thesis? Debt spiral incoming, fiat debasement accelerating, hard assets are the only real hedge.
Classic macro playbook when sovereign debt ratios are screaming and central banks are trapped between inflation control and funding deficits. If you believe the fiscal dominance narrative — where governments can't afford higher rates without blowing up their balance sheets — then yeah, bonds are a fade and scarce assets win.
Gold's been holding strong, $BTC's been consolidating after its run, and both benefit if real rates stay suppressed or turn negative again. Question is timing. Are we front-running the crisis or early by 2 years? Either way, portfolio allocation shifting toward non-fiat stores of value makes sense if you're positioning for currency debasement risk.
Not financial advice, but watching how institutional flows respond to this narrative. If more macro heavyweights pile in, could be the catalyst for the next leg up in both.
Classic macro playbook when sovereign debt ratios are screaming and central banks are trapped between inflation control and funding deficits. If you believe the fiscal dominance narrative — where governments can't afford higher rates without blowing up their balance sheets — then yeah, bonds are a fade and scarce assets win.
Gold's been holding strong, $BTC's been consolidating after its run, and both benefit if real rates stay suppressed or turn negative again. Question is timing. Are we front-running the crisis or early by 2 years? Either way, portfolio allocation shifting toward non-fiat stores of value makes sense if you're positioning for currency debasement risk.
Not financial advice, but watching how institutional flows respond to this narrative. If more macro heavyweights pile in, could be the catalyst for the next leg up in both.