Ray Dalio Prefers Bitcoin Over Bonds

Ray Dalio Prefers Bitcoin Over Bonds

By Web Summit HM1_7502, CC 2.0

Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates”I prefer to invest in "hard money" Due to the growing global debt, I prefer gold and bitcoin over other assets.

In A speech at the Abu Dhabi Finance Week Conference, veteran investors referred "unprecedented levels" Debt seen across all major countries including the United States The following are some examples of how to get started: ChinaThe current level of pollution is unsustainable.

"It is impossible for these countries to be able to not have a debt crisis in the years ahead that will lead to a great decline of [money] value," Dalio said.

He He wants to continue. "steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin." Dalio Bitcoin and gold are seen as the best hedges to economic instability.

The The bitcoin-loving billionaire investor has not always been so enthusiastic about the cryptocurrency. Previously, Dalio Crypto would not be as successful as expected. But In recent years, he’s become one of the most vocal Bitcoin advocates.

In 2022, Dalio As a hedge against inflation, the experts said that allocating up 2% of an investment portfolio to bitcoin in addition to precious metals is reasonable. 

Dalio's take further legitimizes bitcoin as a hedge against unsound monetary policies. As nations continue debasing fiat currencies, bitcoin's fixed supply makes it a safe haven.

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John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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