United

Gold

Ray Dalio, an American investor and founder of the world’s largest hedge fund, Bridgewater Associates, says he is investing in bitcoin (BTC) and gold rather than debt assets. The billionaire, who now serves as Bridgewater Associates’ investment chief, is more interested in the precious metal and cryptocurrency because they are “hard money.”
On the other hand, debt assets like bonds are to be avoided because major economies are bound to face debt crises in the coming years, leading to a decline in their value.
<h2 id="btc-and-gold-over-debt-assets">BTC and Gold Over Debt Assets</h2>
According to a<a href="https://www.scmp.com/business/banking-finance/article/3290169/bridgwaters-ray-dalio-invest-gold-and-bitcoin-rather-debt-assets" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow"> report</a> from the South China Morning Post, Dalio dropped his remarks on BTC and gold during a speech on December 10 at the Abu Dhabi Finance Week (ADFW).
He stated that all major economies, including the United States, China, and, excluding Germany, are seeing their indebtedness surge to unprecedented levels. Unfortunately, these levels are unsustainable, and there could be a debt money problem in the future.
<blockquote>
 “I believe that there would likely be a pending debt money problem. I want to steer away from debt assets like bonds and debt and have some hard money like gold and bitcoin,” Dalio said.
</blockquote>
The billionaire further explained that debt, money, the economy, acts of nature, and the invention of new technologies are the forces driving everything in the world. Other factors, such as countries’ political and external geopolitical orders, could contribute significantly. Judging by Dalio’s preference for BTC and gold, he believes these assets are the best for preserving wealth as the world reacts to these forces.
<blockquote>
 “Don’t get too caught up on the twists and turns of the day-to-day headlines, and instead, think more about the big forces. Think strategically as well as tactically, taking a global perspective while recognizing that what you don’t know about the future is more than what you do know,” the Bridgewater founder added.
</blockquote>
<h2 id="btc-exceeds-dalio-s-expectations">BTC Exceeds Dalio’s Expectations</h2>
Dalio used to be a <a href="https://cryptopotato.com/bitcoin-will-not-be-an-effective-money-says-ray-dalio/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin critic</a> a few years ago. In 2020, he <a href="https://www.youtube.com/watch?v=BnNCVfo3G-o&amp;t=1974s" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">opined</a> that the crypto asset is unlikely to perform as remarkably as people hoped. Bitcoin was worth around $15,000 at the time.
Four years later, Dalio has become a Bitcoin advocate and now considers the cryptocurrency a better option than debt assets, especially with BTC <a href="https://cryptopotato.com/bitcoin-price-analysis-history-is-made-at-100k-heres-the-next-target/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crossing</a> $100,000 for the first time.
The post <a href="https://cryptopotato.com/ray-dalio-says-to-invest-in-btc-and-gold-not-debt-assets-report/" rel="noopener noreferrer nofollow">Ray Dalio Says to Invest in BTC and Gold, Not Debt Assets: Report</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ray Dalio Says to Invest in BTC and Gold, Not Debt Assets: Report

Table of Contents

CryptoPotato_News

Other articles published on Dec 11, 2024

Chainlink’s Surge Got Away? Don’t Miss Qubetics and Its Big ROI Potential!

Peanut the Squirrel Memecoin Surges Following Coinbase Listing Announcement

SushiSwap Unveils Ambitious 2025 Product Launches, Expanding DeFi Ecosystem

Bitcoin Faces Quantum Threat? Google Unveils Willow Chip Breakthrough

Unblocked Games 76: Your Ultimate Guide to Free Online Gaming

Best Cryptocurrencies to Invest in Right Now December 11 – Sei, Celestia, Worldcoin

Join our free newsletter for daily crypto updates!