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    Home»Bitcoin»Bridgewater Associates Founder Ray Dalio Says He Prefers “Exhausting Cash” Like Bitcoin And Gold As International Indebtedness Rises
    Bridgewater Associates Founder Ray Dalio Says He Prefers “Exhausting Cash” Like Bitcoin And Gold As International Indebtedness Rises
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    Bridgewater Associates Founder Ray Dalio Says He Prefers “Exhausting Cash” Like Bitcoin And Gold As International Indebtedness Rises

    By Crypto EditorDecember 15, 2024No Comments3 Mins Read
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    Billionaire Bridgewater Associates founder Ray Dalio says that he prefers “onerous cash” comparable to Bitcoin and gold over debt belongings as indebtedness continues to affect main economies.

    “I need to steer away from debt belongings like bonds and debt, and have some onerous cash like gold and Bitcoin,” he mentioned in a speech through the Abu Dhabi Finance Week.

    Ray Dalio Says Indebtedness Is Rising At “Unprecedented Ranges”

    The billionaire investor famous that debt in all main economies besides Germany is rising at “unprecedented ranges.” He subsequently claimed that “it’s not possible for these international locations to have the ability to not have a debt disaster within the years forward,” which he mentioned will “result in an excellent decline” within the worth of cash.

    Information from US Debt Clock exhibits that the overall nationwide debt for the US stands at over $36.12 trillion. That is round $107,013 of debt per citizen and $271,790 debt per US tax payer.

    BREAKING: Whole US public debt hits a report $36.17 TRILLION, up $1 trillion over the past 105 days.

    US federal debt has risen by a median of $9.5 billion per day over the past 105 days.

    On the present tempo, whole US debt would hit $40 trillion for the primary time in historical past… pic.twitter.com/ZaAMIM5UxT

    — The Kobeissi Letter (@KobeissiLetter) December 10, 2024

    The Kobeissi Letter commented on the US nationwide debt in a Dec. 10 X submit, stating that the quantity has risen $1 trillion in simply the final 105 days. On common, the US federal debt has risen round $9.5 billion a day throughout this era, in keeping with the submit.

    Dalio’s Change In Crypto Stance

    Dalio’s advocacy for gold and Bitcoin marks a change in stance towards digital belongings for the billionaire hedge fund founder. Again in 2021, he mentioned that Bitcoin and different cryptos wouldn’t succeed, 

    Nevertheless, a yr later in 2022, he then mentioned it’s cheap for buyers to allocate 2% of their portfolios towards BTC along with gold to hedge towards inflation.

    Regardless of the change in stance, Dalio has mentioned that he’ll nonetheless select gold over Bitcoin, including that crypto continues to be a small asset class.

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