Legendary Investor Ray Dalio Touts Bitcoin - With Gold - To Hedge Against Incoming Debt Crisis

Bitcoin Magazine

Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis

Top investor Ray Dalio has again sung Bitcoin’s praises. But only a little bit.

The billionaire hedge fund boss said in his latest essay that he expected “non-government-produced monies like gold and bitcoin to do relatively well” as government debt grows.

Dalio, who founded one of the world’s largest hedge funds, Bridgewater Associates, has long warned investors about the size of America’s debt. U.S. national debt passed the $40 trillion mark this week.

“As general advice, I suggest diversifying well in asset classes and countries that have strong income statements and balance sheets and are not having great internal political and external geopolitical conflicts, underweighting debt assets like bonds, and overweighting gold and a bit of Bitcoin,” Dalio wrote.

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