Gold

Bitcoin

<ul class="wp-block-list">
  
 <li>Ray Dalio identifies unsustainable global debt as a major economic threat.</li>   
 <li>Dalio suggests gold and Bitcoin as viable hedges against economic volatility.</li>   
 <li>Bridgewater's founder shifts stance, now endorses Bitcoin with gold for portfolio diversification.</li> 
</ul>   
<p>Ray Dalio, the founder of Bridgewater Associates, has warned of the dangers of rising global debt, which he termed unsustainable. Addressing a financial conference in Abu Dhabi, Dalio pointed out that large economies such as the United States and China are already experiencing ‘unprecedented’ leverage levels. He also said this path can lead to a debt crisis and a major devaluation of fiat currencies.</p>   
<p>Dalio’s forecasts are based on his conviction that the currently accumulated debt levels will lead to financial crises. He identified five key forces influencing the global economy: credit and funds relations, political turnover within the country’s leadership, international conflict, climatic conditions, and technological advancement. On these issues, he encouraged investors to concentrate on long-term approaches for successful management.</p>   
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<h2 class="wp-block-heading" id="h-hard-money-as-a-hedge-against-economic-uncertainty"><strong>Hard Money as a Hedge Against Economic Uncertainty</strong></h2>   
<p>Dalio encouraged people to denominate their money into ‘hard’ <a href="https://cryptonewsland.com/u-s-treasury-calls-bitcoin-digital-gold-as-price-hits-100000/" target="_blank" rel="noreferrer noopener sponsored nofollow">assets</a> such as gold, Bitcoin, and other similar options often used to hedge against future volatility. To Dalio, these assets are a hedge against declining currency depreciation caused by over-issuance and increased borrowing.</p>   
<p>“I want to steer away from debt assets like bonds and have some hard money like gold and Bitcoin,”&nbsp; Dalio stated during his speech. This is quite a change of tune, as he has been known to denounce <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> for its highly unpredictable nature publicly. However, in recent years, Dalio has supported using Bitcoin as an inflation hedge investment similar to gold.</p>   
<p>Dalio echoes his argument on bonds, which he considers relatively poor investments as debt rises and monetary conditions worsen.</p>   
<h2 class="wp-block-heading" id="h-implications-for-investors-and-broader-economic-trends"><strong>Implications for Investors and Broader Economic Trends</strong></h2>   
<p>This comes when more questions are raised about how <a href="https://cryptonewsland.com/michael-saylor-urges-us-to-replace-gold-reserves-with-bitcoin/" target="_blank" rel="noreferrer noopener">cryptocurrencies</a> and other assets will function in the global economy. Although Dalio appreciates Bitcoin and gold as possible investment instruments, some critics of the latter, such as Peter Schiff, have commented negatively on Bitcoin. Schiff also recently called on the Biden administration to sell its Bitcoin, claiming that creating the US Bitcoin reserve can harm the economy.</p> 
<p>The post <a href="https://cryptonewsland.com/ray-dalio-highlights-global-debt-risks-urges-investment-in-bitcoin-and-gold/">Ray Dalio Highlights Global Debt Risks Urges Investment in Bitcoin and Gold</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ray Dalio Highlights Global Debt Risks Urges Investment in Bitcoin and Gold

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