Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Billionaire investor Ray Dalio recommends bitcoin as 'hard money' amid national debt increases

Billionaire investor Ray Dalio recommends bitcoin as 'hard money' amid national debt increases

The BlockThe Block2024/12/10 16:00
By:The Block

Quick Take Ray Dalio shared his preference for gold and bitcoin over debt assets as indebtedness affects major economies worldwide. “I want to steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin,” the founder of the world’s largest hedge fund said. Dalio was notably critical of bitcoin in previous years.

Billionaire investor Ray Dalio recommends bitcoin as 'hard money' amid national debt increases image 0

Billionaire investor Ray Dalio shared his preference for gold and bitcoin over debt assets as indebtedness continues to affect major economies worldwide.

"I want to steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin," the founder of Bridgewater Associates, the world's largest hedge fund, said in a speech during the Abu Dhabi Finance Week in the United Arab Emirates, according to South China Morning Post.

Dalio noted that all major economies, except Germany's, have seen indebtedness increase at "unprecedented levels." He also claimed that "it is impossible for these countries to be able to not have a debt crisis in the years ahead that will lead to a great decline of [money] value," according to SCMP.

Dalio's stance is particularly noteworthy given his previous comments. In February 2023, the billionaire told CNBC that he doesn't like bitcoin . "It's not going to be an effective money," he said at the time, adding: "It's not an effective store hold of wealth. It's not an effective medium of exchange."

"I don't think digital currencies will succeed in the way people hope they would," he said in 2o2o, citing volatility, limited use cases and a lack of government control.

Dalio did, however, admit to owning bitcoin in 2021.

Dalio gave up control of Bridgewater in October 2022. He had previously stepped down as the hedge fund's chairman and CEO in 2o21 and 2017, respectively.


4

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Hyperliquid (HYPE) Price Prediction 2026: Will Rising Adoption Propel It to $90? While Qubetics Presale Smashes Past $18 Million

Explore Hyperliquid's HYPE price prediction for 2026, with projections as high as $90. Discover Qubetics' $18M presale and how its Layer 1 wallet is redefining decentralized autonomy.The Rise of Hyperliquid: A Quiet Revolution in DeFiQubetics: Enabling Secure Digital Autonomy Through a Non-Custodial Multi-Chain WalletConclusion: Hyperliquid and Qubetics Define DeFi’s Next Frontier

Coinomedia2025/06/18 19:01
Hyperliquid (HYPE) Price Prediction 2026: Will Rising Adoption Propel It to $90? While Qubetics Presale Smashes Past $18 Million

Bitcoin Cycle Predicts $205K Peak in 2025

Bitcoin may hit $205K in 2025 if its 3-year growth, 1-year consolidation cycle holds true, signaling a potential 120% rally ahead.BTC’s Proven 4-Year Pattern Returns$205K in Sight: Can BTC Double Again?Why This Matters for Investors

Coinomedia2025/06/18 19:00
Bitcoin Cycle Predicts $205K Peak in 2025