As a seasoned investor with over three decades of experience under my belt, I can’t help but find Ray Dalio’s recent advice intriguing. His perspective on the potential “pending debt money problem” and his suggestion to invest in hard assets like Bitcoin and gold resonates deeply with me.
As a forward-thinking cryptocurrency investor, I can’t help but echo the sentiments of billionaire investor Ray Dalio, who has voiced his concerns over a potential “looming financial debt issue” that could disrupt global finance. In light of these apprehensions, I am inclined to advocate for a strategic diversification of my portfolio towards robust assets such as Bitcoin and gold. These hard assets are not only known for their resilience but also for their potential to withstand economic turbulence, making them valuable additions during uncertain times.
According to a report by the South China Morning Post on December 10th, Ray Dalio, founder of one of the world’s largest hedge funds, Bridgewater Associates, stated his preference for investing in tangible assets such as gold and Bitcoin (BTC), while shying away from debt-based assets.
The veteran investor referred to “unprecedented levels” of indebtedness seen in all major countries, including the United States and China, stressing that its current levels will not be sustainable.
According to Dalio, it’s highly likely that these nations will face a debt crisis within the coming years, which could significantly diminish their currency’s worth. This statement was made during his speech at a financial conference in Abu Dhabi.
“Steer away from debt assets like bonds and debt”
Dalio expressed his viewpoint that we might encounter an imminent issue related to financial debt within our economic system, which he identified as one of the key factors shaping the global economy, along with money, the economy itself, internal politics, and external geopolitical conditions.
Focus less on the daily news’ intricacies, and instead, consider the larger, overarching influences,” he advised.
“I want to steer away from debt assets like bonds and debt and have some hard money like gold and Bitcoin.”
Previously, Dalio was skeptical that cryptocurrencies such as Bitcoin would achieve the level of success many anticipated; however, his stance on Bitcoin has shifted significantly and he now advocates strongly for it.
In 2022, Dalio said it’s reasonable to allocate up to 2% of an investment portfolio in Bitcoin in addition to gold to hedge against inflation. Previously, the billionaire investor said he would still choose gold over Bitcoin, highlighting the importance of diversification.
Gold bug Peter Schiff urges Biden to sell dump Bitcoin
According to Dalio, Bitcoin is recognized as a tangible asset. As the U.S. President-elect, Donald Trump, gets ready for his inauguration in January, there are predictions that a U.S. Bitcoin national reserve might be established in 2025.
On the other hand, some financial analysts like Peter Schiff, a proponent of gold, caution that a Bitcoin reserve in the U.S. might potentially cause “damage.
On December 9, Schiff advocated that the Biden administration might perform a positive action in its final days by disposing of the Bitcoin holdings owned by the U.S. government.
Apart from alleviating the projected 2024 budget shortage, the funds accumulated would also effectively halt discussions surrounding the establishment of a potentially detrimental “Strategic Bitcoin Reserve,” as per Schiff’s assertion.
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2024-12-10 17:46