Bridgewater Associates Founder Ray Dalio Says He Prefers “Hard Money” Like Bitcoin And Gold As Global Indebtedness Rises
Billionaire Bridgewater Associates founder Ray Dalio says that he prefers “hard money” such as Bitcoin and gold over debt assets as indebtedness continues to impact major economies. “I want to steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin,” he said in a speech during the Abu Dhabi Finance Week. Ray Dalio Says Indebtedness Is Increasing At “Unprecedented Levels” The billionaire investor noted that debt in all major economies except Germany is increasing at “unprecedented levels.” He subsequently claimed that “it is impossible for these countries to be able to not have a debt crisis in the years ahead,” which he said will “lead to a great decline” in the value of money. Data from US Debt Clock shows that the total national debt for the US stands at over $36.12 trillion. This is around $107,013 of debt per citizen and $271,790 debt per US tax payer. BREAKING: Tot...