Bitcoin Price Prediction: Billionaire Investor Ray Dalio Backs Bitcoin as U.S. Prints Trillions – Best Inflation Hedge?
Main Idea
The article discusses Bitcoin as a potential hedge against inflation amid rising U.S. debt, highlights Ray Dalio's updated stance on Bitcoin, and provides a technical analysis of BTC/USD price movements.
Key Points
1. Ray Dalio suggests allocating 15% of a portfolio to gold or Bitcoin as a hedge against inflation, citing concerns about the U.S. entering a 'debt doom loop' with $12 trillion in new debt issuance.
2. Dalio acknowledges Bitcoin's institutional adoption but raises concerns about blockchain transparency, code vulnerabilities, and regulatory oversight.
3. BTC/USD is trading at $118,386, with technical indicators suggesting a potential breakout above $120,283 or a drop below $118,000.
4. Bitcoin Hyper ($HYPER), a Bitcoin-native Layer 2 project, has raised over $6 million in its presale, aiming to combine Bitcoin's security with Solana's speed.
5. The article includes trading strategies for BTC/USD, suggesting entry points, stop-loss levels, and target resistance zones.
Description
Billionaire hedge fund manager Ray Dalio is changing his tune on Bitcoin again. The founder of Bridgewater Associates now recommends investors allocate up to 15% of their portfolio to Bitcoin or gold to hedge against inflation and surging US debt. That’s a big jump from his 2022 advice, which capped BTC exposure at 2%. Why the change of heart? Dalio thinks the US is entering what he calls a “debt doom loop” with Treasury projections showing $12 trillion in new debt issuance over the next year. T...
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