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$NVDAB ⚡ Ray Dalio expects Bitcoin to rise amid the devaluation of global currencies
Ray Dalio is a billionaire and the founder of the world’s largest hedge fund, Bridgewater Associates.
• The US is already following the classic scenario of a big debt cycle: the supply of government debt grows faster than demand, long-term bond yields rise, the dollar weakens, and the Treasury begins buying Treasuries (government bonds)
• If demand for US debt is not sufficient, there will be two options left: higher yields that will hit markets and the economy, or printing money and buying back the debt, which will lead to further currency devaluation
• If the US doesn’t change its current course, a debt crisis could begin in about 3 years, plus or minus 2 years
• Similar debt problems exist in the EU, the UK, China, Japan, and other countries
• In this kind of environment, “non-government money” like gold and Bitcoin should do better than traditional debt assets
In his view, investors should reduce the share of bonds and increase the share of gold and a little $BTC
$NVDAB ⚡ Ray Dalio expects Bitcoin to rise amid the devaluation of global currencies
Ray Dalio is a billionaire and the founder of the world’s largest hedge fund, Bridgewater Associates.
• The US is already following the classic scenario of a big debt cycle: the supply of government debt grows faster than demand, long-term bond yields rise, the dollar weakens, and the Treasury begins buying Treasuries (government bonds)
• If demand for US debt is not sufficient, there will be two options left: higher yields that will hit markets and the economy, or printing money and buying back the debt, which will lead to further currency devaluation
• If the US doesn’t change its current course, a debt crisis could begin in about 3 years, plus or minus 2 years
• Similar debt problems exist in the EU, the UK, China, Japan, and other countries
• In this kind of environment, “non-government money” like gold and Bitcoin should do better than traditional debt assets
In his view, investors should reduce the share of bonds and increase the share of gold and a little $BTC