“It is impossible for these countries not to have a debt crisis in the coming years that will lead to a great decrease in the value of money,” this expert predicted.
The one who gave that warning was Ray Dalioan important financial guruwho expressed growing concern about and global economic problems derived from the high debt of the main economies of the world such as the USA either China.
For Dalio, the debt of the economic giants could lead to a crisis of great magnitude, something that leads many investors to seek refuge in safer and more tangible assets. “It is impossible for these countries not to have a debt crisis in the coming years that will lead to a great decrease in the value of money…Debt, money and the economy will drive almost everything,” the analyst said.
It was for this reason that the founder of Bridgewater Associates suggested that gold and bitcoin They are preferable investment options in this context of economic uncertainty.
Like Robert Kiyosaki: gold and BTC
Gold, historically considered a safe haven, remains a fundamental part of your investment portfolio. However, Dalio also showed a rise in BTC, considering it a “useful asset to protect against inflation and debt risks.”
He also said that he prefers to invest in companies that use disruptive technology for their operations. “You shouldn’t obsess over the ups and downs reflected in the daily headlines. Instead, you should think more about the larger forces. You have to think strategically and tacticallyrecognizing that what is not known about the future is more than what one already knows,” he reiterated.
In recent years, the founder of Bridgewater Associates has changed his stance on cryptocurrencies. In 2017, he came to consider BTC a “purely speculative” asset.
Source: Ambito
