Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis
Bitcoin Magazine Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis Bridgewater Associates founder Ray Dalio has said Bitcoin will do well with government money printing. This post Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against
Source: Bitcoin Magazine
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DW NOTE
Dalio has spent two decades building a reputation warning about U.S. debt — which crossed $40 trillion this week — then hedging his Bitcoin endorsements with "a bit" and "relatively well." The man runs $170 billion but still can't commit to a position without an escape hatch. Gold is at $4,624, down 13% from January's high despite the Strait of Hormuz being effectively closed and Russian missiles hitting Kyiv this morning. If hard assets can't rally in this environment, the "incoming" crisis Dalio warns about may have already arrived.