Ray Dalio says to buy ‘a bit’ of Bitcoin amid potential debt crisis

The hedge fund founder with an estimated net worth of $15 billion recommended that investors overweight Bitcoin and gold rather than bonds.

The founder of the Bridgewater Associates hedge fund, Ray Dalio, called on investors to put money into gold and “a bit of Bitcoin” in response to a looming debt crisis.

In a Friday LinkedIn post, Dalio said having between 10% to 15% of one’s portfolio in gold could help reduce risk. He advocated for gold and Bitcoin (BTC) as assets to be overweight compared to debt assets like bonds, citing risks from “internal political and external geopolitical conflicts.”

“My guess, which I suppose will be a bad one, is that [a US debt crisis] will come in three years, give or take two, if the course we’re on is not changed,” said Dalio. 

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Source: https://cointelegraph.com/news/ray-dalio-buy-bitcoin-debt-crisis?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound