Ray DalioThe founder of Bridgewater Associates, the largest hedge fund in the world, has said that he is more interested in investing than anything else. “hard money” Bitcoin and gold are preferred over debt-based assets given the rising level of global debt.
You can also find out more about the following: a speech At the Abu Dhabi Finance Week, veteran investor refered to “unprecedented levels” The current level of debt in the United States, China and other major countries 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 continued, he said he would like to continue.” “steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin.” Dalio views bitcoin and gold in the same way as a stable hedge against economic instability.
The billionaire investor wasn’t always so enthusiastic about bitcoin. Dalio had previously believed that crypto wouldn’t succeed. In recent years, he’s become a leading bitcoin proponent.
The year 2022 will be the first time that we can expect to see a new generation of upcoming leaders. Dalio said To hedge against inflation, it is reasonable to allocate up to 2% to bitcoin in addition to the gold.
Dalio’s opinion further legitimizes the use of bitcoin to hedge against unsound financial policies. Bitcoin’s limited supply is a haven for those nations that continue to debase fiat currency.
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Source: bitcoinmagazine.com
