Head of the Largest Hedge Fund Supports Bitcoin
Billionaire investor Ray Dalio has issued a caution regarding a “pending debt money problem” within global finance. Read Full Article at RT.com.
TroibNews 
Billionaire investor Ray Dalio has issued a warning about an impending debt crisis that threatens global finance and has urged investors to consider assets like Bitcoin and gold.
During his speech at Abu Dhabi Finance Week on Tuesday, Dalio, who founded Bridgewater Associates, the largest hedge fund in the world, emphasized his worries regarding increasing debt levels in major economies, advising against debt-based investments.
“I believe that there would likely be a pending debt money problem,” Dalio commented, as reported by the South China Morning Post. “I want to steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin.”
Both Bitcoin and gold have been trading close to record highs as investors look for alternatives amid challenging economic conditions and geopolitical uncertainties. Last week, Bitcoin surpassed the significant $100,000 mark, buoyed by investor optimism about the potential for crypto-friendly policies from US President-elect Donald Trump.
Dalio noted "unprecedented levels" of debt in key global economies such as the US and China, cautioning that this trend may lead to debt crises in the near future.
“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,” he remarked.
The seasoned investor elaborated that “debt, money and the economy” form one of five major forces influencing global affairs, alongside internal politics, the global geopolitical landscape, “acts of nature,” and technological developments.
“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,” he advised. “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.”
In 2024, Bitcoin has experienced a price increase of over 140%, with significant gains realized after the US election. Dalio, once a crypto skeptic, has since become a strong advocate for the sector in recent years.
Navid Kalantari for TROIB News
During his speech at Abu Dhabi Finance Week on Tuesday, Dalio, who founded Bridgewater Associates, the largest hedge fund in the world, emphasized his worries regarding increasing debt levels in major economies, advising against debt-based investments.
“I believe that there would likely be a pending debt money problem,” Dalio commented, as reported by the South China Morning Post. “I want to steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin.”
Both Bitcoin and gold have been trading close to record highs as investors look for alternatives amid challenging economic conditions and geopolitical uncertainties. Last week, Bitcoin surpassed the significant $100,000 mark, buoyed by investor optimism about the potential for crypto-friendly policies from US President-elect Donald Trump.
Dalio noted "unprecedented levels" of debt in key global economies such as the US and China, cautioning that this trend may lead to debt crises in the near future.
“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,” he remarked.
The seasoned investor elaborated that “debt, money and the economy” form one of five major forces influencing global affairs, alongside internal politics, the global geopolitical landscape, “acts of nature,” and technological developments.
“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,” he advised. “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.”
In 2024, Bitcoin has experienced a price increase of over 140%, with significant gains realized after the US election. Dalio, once a crypto skeptic, has since become a strong advocate for the sector in recent years.
Navid Kalantari for TROIB News
