Ray Dalio emphasized the importance of investing in 'hard money' like bitcoin and gold, citing rising global indebtedness as a risk for financial stability.
Dalio stated, '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,' underlining the unsustainable levels of debt.
In a shift from his previous stance, Dalio now advocates for a portfolio allocation of up to 2% in bitcoin, seeing it as a hedge against inflation and economic uncertainty.
Dalio's endorsement of bitcoin contributes to its positioning as a viable alternative to traditional assets, highlighting its potential as a safe haven amid rampant debasement of fiat currencies.
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