Billionaire Ray Dalio Recommends 15% Bitcoin Allocation as Fiat Currencies Face ‘Classic Devaluation’
Main Idea
Billionaire Ray Dalio recommends a 15% portfolio allocation to Bitcoin or gold, warning of an impending U.S. debt crisis and potential currency devaluation.
Key Points
1. Ray Dalio suggests a 15% allocation to Bitcoin or gold to hedge against the U.S. debt crisis, comparing the situation to historical economic downturns.
2. The U.S. federal debt is six times annual revenue, with a fiscal deficit of 7% of GDP, the highest among industrialized nations.
3. Bitcoin is trading near $119,000, with technical analysis suggesting a potential peak target of $155,500.
4. The U.S. dollar has lost over 96% of its purchasing power since the Federal Reserve's establishment in 1913, with accelerated decline after the end of the gold standard in 1971.
5. Dalio highlights the risk of currency devaluation, noting central banks worldwide face similar pressures, leading to coordinated currency debasement.
Description
Legendary investor Ray Dalio has recommended a 15% portfolio allocation to Bitcoin or gold, warning of an impending “classic devaluation” of fiat currencies similar to those of the 1970s or 1930s, as the United States approaches what he calls the “point of no return” in its debt crisis. The Bridgewater Associates founder revealed during a Master Investor podcast appearance that the U.S. government spends $7 trillion annually while collecting only $5 trillion in revenue, resulting in a $ 2 trilli...
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