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WHY RAY DALIO NOW WANTS BITCOIN
Ray Dalio, the founder of Bridgewater Associates, has changed his stance on Bitcoin due to several key factors:
Growth of Public Debt: Dalio has expressed his concern about the unprecedented growth of public debt in the major economies of the world. He believes this could lead to a global economic crisis and a significant devaluation of fiat currencies.
Bitcoin as "Sound Money": Dalio now sees Bitcoin as a form of "sound money", similar to gold. He considers Bitcoin and gold to be important assets to protect against inflation and the devaluation of fiat currencies.
Distrust in Debt Assets: Dalio has advised investors to move away from debt assets, such as bonds, and to consider investing in Bitcoin and gold. He believes these assets have more potential in the current economic context.
Change of Opinion: Although he was previously skeptical about Bitcoin, Dalio has changed his mind due to the growing adoption and legitimacy of the cryptocurrency in the financial market.
These factors have led Ray Dalio to reconsider his stance on Bitcoin and recommend it as a viable investment in the current economic context.
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