Ray Dalio Backs Bitcoin as US Debt Could Spiral to $60 Trillion
macro
Ray Dalio, founder of Bridgewater Associates, warned U.S. debt could spiral toward $60 trillion and endorsed Bitcoin as a hedge against that scenario. He positioned Bitcoin as a non-sovereign alternative to cash and traditional assets that could protect wealth from currency debasement. His backing from a prominent institutional investor bolsters Bitcoin’s legitimacy and could spur additional institutional demand and price support, while Bitcoin’s volatility and regulatory risks remain key considerations.
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