Ray Dalio Predicts US Debt Crisis and Backs Bitcoin, Gold Over Bonds

Ray Dalio warned of a looming U.S. debt crisis and argued that bonds are a poor hedge against fiscal and monetary risks. He recommended favoring hard assets—gold and increasingly Bitcoin—over sovereign debt. Dalio’s view is rooted in concern that monetary debasement and rising sovereign-credit risk will erode bond returns. His endorsement lends institutional credibility to Bitcoin and could boost demand as a non‑sovereign store of value, potentially putting upward pressure on price and volatility.