Ray Dalio Warns US Debt Crisis Could Hit Within 3 Years, Urges Shift From Bonds to Gold and Bitcoin
Summary
- Ray Dalio said a debt crisis in the U.S. could become reality within the next three years.
- He said investors should reduce bond exposure and diversify into countries and assets with strong fiscal health.
- Dalio said investors should allocate about 10% to 15% to gold and some to Bitcoin (BTC) to prepare for risk.
Forecast Trend Report by Period
Ray Dalio, the hedge fund billionaire, warned that a U.S. debt crisis could become reality within the next three years. To prepare, he urged investors to reduce bond holdings and diversify into assets such as gold and Bitcoin.
Bloomberg reported on August 21 that Dalio, in a LinkedIn post, said investors should diversify into countries and assets with strong fiscal health.
He said investors should cut their bond exposure and allocate about 10% to 15% of their portfolios to gold. He also recommended holding some Bitcoin to hedge against risk.
Dalio said that asset-allocation strategy could help defend against deteriorating U.S. fiscal conditions and debt risk. It could also lower risk while improving returns.
JH Kim
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