Ray Dalio Discusses Bitcoin and Gold as Potential Investment Options

According to PANews, Ray Dalio, the founder of Bridgewater Associates, recently commented on the global monetary system, which he believes is heavily reliant on debt. He suggested that governments might devalue their currencies through inflation or low-interest policies, prompting investors to consider alternative currencies that do not depend on debt and are relatively stable. Dalio mentioned Bitcoin as a potential candidate that could play a significant role in the future, although he emphasized that 'currency is essentially debt,' and a true alternative currency requires further exploration. Dalio highlighted Bitcoin's advantage as a hedge asset due to its high liquidity, unlike real estate, which is fixed in location and thus more susceptible to taxation or confiscation. However, he stressed the importance of investment diversity and stability. When asked about his views on gold, Dalio expressed a more favorable outlook than before but advised investors to exercise restraint. He noted the uncertainty of the future and the need for a diversified investment portfolio to navigate it. Dalio recommended a 'prudent' allocation of 10% to 15% in gold, which he believes offers protection without over-reliance on a single asset. He underscored that a balanced asset allocation is a crucial strategy for addressing future uncertainties.