Ray Dalio says to buy ‘a bit’ of Bitcoin amid potential debt crisis

Summary

Ray Dalio urged investors to prepare for a possible U.S. debt crisis by holding gold and a small amount of Bitcoin instead of relying mainly on debt-based assets like bonds. He said 10% to 15% of a portfolio in gold could help reduce risk, and he suggested gold and Bitcoin should be overweighted amid political and geopolitical conflict. Dalio estimated a debt crisis could arrive in about three years, plus or minus two, unless policy changes are made. He has previously been cautious about Bitcoin, citing privacy and quantum-computing risks, but his view has shifted from recommending only 1% to 2% BTC in 2022 to suggesting as much as 15% in gold and crypto combined in later comments.