Invest in gold and
#Bitcoin instead of debt assets
Debt levels in the United States, China, and most major countries have risen to "unprecedented levels" and will not be sustainable.
Billionaire investor Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, said he would invest in "hard money" like gold and bitcoin, avoiding debt assets, as most major economies face increasing debt issues.
"I think there will likely be a pending debt money problem," he said in a speech at a financial conference in Abu Dhabi on Tuesday. "I want to move away from debt assets like bonds and debt and have some hard money like gold and bitcoin."
He added that the debt observed in the United States, China, and all major countries except Germany has increased to "unprecedented levels" and the amount will not be sustainable.
"It is impossible for these countries not to have a debt crisis in the coming years that leads to a significant decline in value [of money]," Dalio said.
"Debt, money, and the economy" represent one of the five major forces he has identified that will drive "almost everything," he said.
"One must think both strategically and tactically, adopting a global perspective and recognizing that what is not known about the future is more than what is known."
Diversification and functionality must be integrated into the investment strategy to be able to face threats and opportunities, he added.
#BTC☀ #Binance #RayDalio $BTC