Billionaire Investor Ray Dalio Prefers ‘Hard Money Like Gold And Bitcoin’ For These 5 Reasons
Posted On December 11, 2024
Ray Dalio, founder of Bridgewater Associates, opined that he prefers to stay away from debt assets amid high debt concerns, preferring to allocate to gold and Bitcoin (CRYPTO: BTC).
What Happened: The billionaire investor expressed concerns about rising global debt levels, particularly in major economies like the U.S. and China.
Speaking at Abu Dhabi Finance Week, as reported by the South China Morning Post on Tuesday, Dalio highlighted the risks associated with unsustainable debt, which could erode the value of money.
He advocated investing in “hard money” …
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