Billionaire Investor Ray Dalio Predicts Global Debt Crisis, Backs Investment in Bitcoin and Gold ...Middle East

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Billionaire Investor Ray Dalio Predicts Global Debt Crisis, Backs Investment in Bitcoin and Gold
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Ray Dalio, founder of the popular hedge fund Bridgewater Associates, advocates investing in hard assets like Bitcoin and gold to hedge against an upcoming debt crisis.  The billionaire investor made the recommendation in a keynote address on December 10 at the Abu Dhabi Finance Week (ADFW).  According to Dalio, investing in these hard assets- Bitcoin and gold- will serve as a hedge against economic uncertainty and global debt. While backing Bitcoin and gold, the veteran investor disclosed plans to avoid debt assets, especially bonds.  Upcoming Debt Crisis  Notably, Dalio predicted that most major economies, such as the U.S. and China, will experience unsustainable debt levels, leading to a

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