He swears by gold and Bitcoin. In 2021, the famous and experienced investor Ray Dalio had the trigger for the brilliant invention that is Bitcoin (BTC) and even had revealed to own a few. Since then, his conviction has been affirmed, and he now puts the king of cryptos on par with theor inasmuch as protection against future economic crises.
- Ray Dalio put Bitcoin and gold on equal footing as a hedge against future economic crises.
- He expressed concerns about a future debt crisis due to countries' massive debt loads, saying it would lead to a devaluation of fiat currencies.
The enormous debts of countries will lead to monetary and financial crises
During a speech given this Tuesday, December 10, 2024 in the United Arab Emirates, during theAbu Dhabi Finance Week (ADFW), Ray Dalio was first worried about growing debts of countries across the world, with the United States in the lead.
For this renowned specialist in financial markets, a large debt crisis seems inevitable. He urges investors to avoid at all costs bond markets of the most indebted countries:
“Faced with these unprecedented levels [d’endettement] (…) it is impossible that these countries will not experience a debt crisis in the years to come, which will lead to a sharp decline in their monetary value [fiduciaire]. »
Ray Dalio
Bitcoin and gold are “strong currencies” in the face of crises for Ray Dalio
If it is necessary “ turn away ” of the obligations and other assets linked to State debts, Ray Dalio recommended on the other hand to protect yourself with solid assets against future crises (notably inflationary).
And this is where the billionaire quotes Bitcoin and theor like “ solid currencies » (hard money). For the founder of the large fund Bridgewater Associates, crypto and the precious metal are the only ones capable of protect fully their investors and owners of the loss of value of fiat currencies, following the loss of confidence in States because of their debt.
It is important to note here that the famous investor's view on the crypto-asset leader has clearly evolved even more positively since his personal discovery of cryptocurrency in 2021. Because at the time, Ray Dalio still clearly preferred gold to Bitcoin. This is therefore no longer the case today, since the billionaire is now putting this new digital gold at the same level than good old physical gold as protection.
Related News :