A company that is changing the way the world mines bitcoin

Crypto Potato 2024-12-11 12:10:22

Ray Dalio Says to Invest in BTC and Gold, Not Debt Assets: Report

Ray Dalio, an American investor and founder of the world’s largest hedge fund, Bridgewater Associates, says he is investing in bitcoin (BTC) and gold rather than debt assets. The billionaire, who now serves as Bridgewater Associates’ investment chief, is more interested in the precious metal and cryptocurrency because they are “hard money.” On the other hand, debt assets like bonds are to be avoided because major economies are bound to face debt crises in the coming years, leading to a decline in their value. BTC and Gold Over Debt Assets According to a report from the South China Morning Post, Dalio dropped his remarks on BTC and gold during a speech on December 10 at the Abu Dhabi Finance Week (ADFW). He stated that all major economies, including the United States, China, and, excluding Germany, are seeing their indebtedness surge to unprecedented levels. Unfortunately, these levels are unsustainable, and there could be a debt money problem in the future. “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,” Dalio said. The billionaire further explained that debt, money, the economy, acts of nature, and the invention of new technologies are the forces driving everything in the world. Other factors, such as countries’ political and external geopolitical orders, could contribute significantly. Judging by Dalio’s preference for BTC and gold, he believes these assets are the best for preserving wealth as the world reacts to these forces. “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,” the Bridgewater founder added. BTC Exceeds Dalio’s Expectations Dalio used to be a Bitcoin critic a few years ago. In 2020, he opined that the crypto asset is unlikely to perform as remarkably as people hoped. Bitcoin was worth around $15,000 at the time. Four years later, Dalio has become a Bitcoin advocate and now considers the cryptocurrency a better option than debt assets, especially with BTC crossing $100,000 for the first time. The post Ray Dalio Says to Invest in BTC and Gold, Not Debt Assets: Report appeared first on CryptoPotato .

Наиболее читаемые новости

Vancouver Votes to Study Bitcoin Strategy Des...
2024-12-12
Raydium’s RAY Token Skyrockets 665% in 2024,...
2024-12-12
JPMorgan Hails Historic Rally as Crypto Soars...
2024-12-12
Ethereum Whales Fuel December Hype for This B...
2024-12-12
Ethereum Price Preps for Breakout: Will Bulls...
2024-12-12
IcomTech Operators Sentenced for Ponzi Scheme...
2024-12-12
Pudgy Penguins NFT Floor Price Surges to 27.3...
2024-12-12
IcomTech execs set to pay over $5M for fake B...
2024-12-12

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения