The Daily Hodl
2024-12-12 08:04:21

Ray Dalio Says He’d Rather Have ‘Hard Money Like Gold and Bitcoin’ Amid ’Pending Debt Money Problem’: Report

Billionaire investor Ray Dalio thinks macroeconomic trends make gold and Bitcoin ( BTC ) attractive investment options right now. In a speech in the United Arab Emirates this week, the Bridgewater Associates founder pointed to debt levels in the US, China and all other major economies except for Germany, the South China Morning Post (SCMP) reports . “It is impossible for these countries to be able to not have a debt crisis in the years ahead that will lead to a great decline of [money] value.” Dalio said that belief is leading him towards alternative investments. “I believe that there would likely be a pending debt money problem. I want to steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin.” In his speech, the billionaire investor also outlined five factors that will drive his investment choices in the future, including 1) Debt, money and the economy; 2) Countries’ internal political orders; 3) External geopolitical order; 4) Acts of nature, like natural disasters; and 5) Disruptive technology. Explains Dalio, “Don’t get too caught up on the twists and turns of the day-to-day headlines, and instead, think more about the big forces. Think strategically as well as tactically, taking a global perspective while recognizing that what you don’t know about the future is more than what you do know.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ray Dalio Says He’d Rather Have ‘Hard Money Like Gold and Bitcoin’ Amid ’Pending Debt Money Problem’: Report appeared first on The Daily Hodl .

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