Billionaire hedge fund manager Ray Dalio is turning away from traditional bonds and embracing Bitcoin as a safer bet for the future. Speaking at Abu Dhabi Finance Week, Dalio warned that a looming debt crisis in major economies like the U.S. and China could disrupt financial stability. He’s been vocal about the “unprecedented levels” of debt, which he believes are unsustainable, with the U.S. and China on a collision course with a debt crisis in the coming years.
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Dalio Shifts from Bonds to Bitcoin
Dalio, best known for founding Bridgewater Associates, has long been critical of conventional financial assets. With inflation eroding the value of currencies, he sees Bitcoin as a key “hard money” asset. “It is impossible for these countries to be able to not have a debt crisis,” Dalio said, emphasizing the uncertainty facing traditional bonds. He also pointed to gold’s rise as a parallel to Bitcoin’s increasing appeal, with Bitcoin recently hitting new all-time highs over $100,000.
A New Era for Bitcoin?
Dalio’s evolving stance on Bitcoin signals a bigger shift in the investment world. His view? Bitcoin, much like gold, could eventually become a more reliable store of value as traditional financial systems falter. As Dalio himself suggests, investors should focus on “big forces” at play, like debt and geopolitics, rather than daily headlines. According to CNBC and Bloomberg, this outlook positions Bitcoin as a strong contender for the future of finance.
At the time of writing, Bitcoin is sitting at $100,729.91.
