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Dalio cites the cases of the United States and China, although Germany excludes.
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His statements are given within the framework of Abu Dhabi’s Finance Week (ADFW).
Billionaire Ray Dalio, founder of the Bridgewater Associates Coverage Fund, took advantage of Abu Dhabi’s Finance Week (ADFW) to warn about current debt levels, which he considers unprecedented; In addition, he said he wants to invest in solid assets, such as Bitcoin (BTC) and gold.
“I want to get away from debt assets and opt for some hard money, such as gold and bitcoin,” commented Dalio in his speech. He also stressed that indebted levels in countries like the United States, China And other of the main economies, except Germany, have increased significantly. For the analyst, it is inevitable that these nations face a serious debt crisis in the coming years, which will cause a drastic loss of money value.
“It is impossible for these countries not to have a debt crisis in the coming years that leads to a great decrease in the value of money … the debt, money and economy will boost almost everything,” said the investor.
Thus, the founder of Bridgewater- although he resigned from the control of the company in 2022- explained that prefers to invest in companies that use disruptive technology to improve their operationsinstead of doing so in those that simply sell the most products or services. This philosophy reflects its interest in businesses that can take advantage of innovation to grow sustainably.
Do not become obsessed with the ups and downs reflected by daily headlines. Instead, you have to think more about great forces. You have to think strategically and tactically, recognizing that what is not known about the future is more than one already knows.
Ray Dalio, founder of Bridgewater Associates.
It is important to note that Dalio did not always have the same position regarding the leading Cryptocurrency. In a 2017 interview, the businessman described to Bitcoin as a bubble and considered it highly speculative.
Nevertheless, COVID-19 pandemic accelerated the accumulation of global debtwhich led investors and savers to seek safer shelters for their capital. Unlike traditional currencies, whose supply can expand unlimitedly, Bitcoin emerged as an even more seductive alternative.
In fact, by 2021 Dalio showed signs of having changed his mind, arguing that he had some Bitcoin and that in an environment of high inflation I preferred to have BTC before bonds. The latter was reported by cryptootics.
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