Billionaire investor Ray Dalio to invest in Bitcoin and gold instead of debt assets

Billionaire investor Ray Dalio has referred to Bitcoin as a "hard asset" and revealed that he would choose it and gold instead of debt assets.
On the 10th (local time), Bridgewater Associates, one of the world's largest hedge funds,
"Avoiding debt assets while investing in things like gold and bitcoin," Ray Dalio, founder of Ethereum Associates, said in a speech at a financial conference in Abu Dhabi.
"We will invest in strong currencies," he said. Referring to the unprecedented levels of debt that have been accumulated in all major economies, including the United States and China, he said, "These debt levels are not sustainable. These
"It is impossible for the country to avoid a debt crisis within the next few years, which would lead to a significant depreciation of the currency," he said.
In addition, debt is one of the five major drivers of the global economy (currency, economy, and domestic politics).
He cited the issue as one of the major obstacles to economic growth (including the external political order and external geopolitical order) and argued that imminent debt and currency problems were likely.
He continued, "Don't get too caught up in the volatility of news that changes from day to day,
"You have to think more about the bigger picture. I want to move away from debt assets like bonds and debt and hold solid currencies like gold and Bitcoin."
Dalio previously believed that cryptocurrencies like Bitcoin would never achieve the success people expected, but in recent years,
He has now become a strong supporter of Bitcoin. He believes it would be reasonable to invest up to 2% of your portfolio in Bitcoin and gold in 2022 to protect against inflation, and stresses the importance of diversification.
He emphasized.