Billionaire Investor Dalio Reveals Why He is Investing in Bitcoin Instead of Gold - Coin Bulletin

Billionaire investor Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, has said he prefers to invest in "hard money" assets such as gold and Bitcoin. Dalio has stated that he will stay away from debt-backed assets.**

Dalio, in a financial conference in Abu Dhabi, said, 'I believe there could be a monetary problem due to unpaid debts. I want to stay away from debt assets like bonds and loans and have hard currencies like gold and Bitcoin.'

Increasing interest in Gold and Bitcoin

Gold and Bitcoin are trading near record levels due to investors seeking protection against economic uncertainties, geopolitical tensions, and new monetary policies. Last week, Bitcoin surpassed the $100,000 level for the first time with positive comments from US President-elect Donald Trump on cryptocurrencies.

Hard money refers to currencies like Bitcoin that are backed by a physical asset such as gold and silver, or have controlled and limited supply.

Debt crisis warning

Dalio said that debt levels have reached 'unprecedented' levels in all major economies except the US, China, and Germany, and that this situation is unsustainable.

He said, 'It seems impossible for these countries to avoid a debt crisis in the coming years, and this crisis will cause a significant decline in the value of [money].'