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Crypto

Dalio Warns on US Debt as BTC Surges Near $80K

Guavy AI Editorial Team
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Billionaire investor Ray Dalio has emphasized the importance of diversifying investment portfolios in light of the U.S. federal debt reaching $40.05 trillion on August 18.

Dalio, founder of Bridgewater Associates, recommends allocating a small portion of one's assets to Bitcoin as a hedge against rising government debt.

He suggests holding gold and a smaller allocation to Bitcoin over traditional debt assets such as bonds.

The move comes as the price of BTC has climbed from around $63,000 to the upper $70,000 range this week.

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