Bridgewater Associates founder Ray Dalio referred to Bitcoin as a hard asset, saying he would choose BTC and gold over debt assets.
Billionaire investor Ray Dalio expressed concerns about a potential “pending debt money problem” in global finance and urged a shift toward hard assets like Bitcoin and gold.
Dalio, the founder of one the world’s largest hedge funds, Bridgewater Associates, said he would invest in “hard money” like gold and Bitcoin (BTC) while avoiding debt assets, the South China Morning Post reported on Dec. 10.
The veteran investor referred to “unprecedented levels” of indebtedness seen in all major countries, including the United States and China, stressing that its current levels will not be sustainable.
