Bridgewater Fund Founder: Suggests investors to stay away from bonds and other debt assets, turning towards "hard currencies" such as gold and Bitcoin
According to reports, Ray Dalio, the founder of Bridgewater, the world's largest hedge fund, suggested at a financial conference in Abu Dhabi that investors should move away from bonds and other debt assets and turn to "hard currencies" such as gold and Bitcoin.
Dalio pointed out that the debt levels of major economies outside Germany have reached an "unprecedented" level. A debt crisis is inevitable in the next few years, which will lead to a significant devaluation of currency value. He emphasized that debt, currency and economy are one of the five key forces affecting future development. Others include domestic political order and geopolitical landscape etc.
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