Ray Dalio Increases Bitcoin Allocation Amid Economic Uncertainty and Potential Downturn

Key Points

1. Ray Dalio has raised his recommended allocation for Bitcoin and gold to 15%, up from his previous 2%, citing economic instability.

2. Dalio warns of an 'economic heart attack' due to excessive debt and fiscal deficits in the US economy.

3. Dalio's exit from Bridgewater marks the end of his 50-year leadership era, with new investors like Brunei's sovereign wealth fund acquiring a near 20% stake.

4. Dalio's economic predictions have been mixed, with accurate forecasts like the 2008 financial crisis but also incorrect ones like the 1982 global depression prediction.

5. Dalio recommends Bitcoin and gold as hedges against potential currency devaluation and market stress.