TKD_LIFE
08-04

Crypto and Gold are our only salvation 🫣

@SPACE ROCKET:Ray Dalio is an American Hedge Fund Manager. He sold his final Bridgewater stake after predicting debt collapse. While continuing to voice economic warnings, Bridgewater founder Ray Dalio recently increased his recommended allocation to Bitcoin and gold to 15%. Billionaire investor Ray Dalio has said his goodbye to Bridgewater Associates, a hedge fund giant he founded 50 years ago. Dalio sold his last remaining stake in Bridgewater and stepped off its board, The Wall Street Journal reported on Thursday. After buying Dalio's shares, Bridgewater reportedly issued new shares to the sovereign wealth fund of Brunei in a multibillion-dollar deal that brought it an almost 20% stake in the company. Dalio predicts "worse than a recession" coming. Dalio's latest Bridgewater sale marks the final chapter of his journey at the company he founded out of a two-bedroom apartment back in 1975. The 75-year-old billionaire stepped down as Bridgewater CEO in 2017 and then quit as chairman before the end of 2021. Known for successfully predicting the 2008 economic crisis, Dalio has repeatedly forecasted more collapses, predicting a global debt crisis in late 2024. "When a country is overloaded with debt, the preferred path is to lower rates and devalue the currency, so it is worth betting that this is exactly what will happen", the veteran investor said in an X post last Wednesday. He also predicted that the US economy is at risk of facing an "economic heart attack" if the government does not reduce the budget deficit to 3% of GDP. πŸͺ™ DALIO UPS ALLOCATION ADVICE FOR BITCOIN AND GOLD πŸͺ™ While expecting more economic challenges amid deglobalization and unsustainable trade imbalances, further escalated by the Trump administration's tariff disruptions, Dalio has repeatedly recommended Bitcoin and gold as major tools to hedge against the crises. In late July, he recommended investors allocate up to 15% into Bitcoin or gold to optimize for thth"best return-to-risk ratio", significantly increasing his previous advice of up to 2%. "I believe Bitcoin is one hell of an invention", Dalio wrote in his essay "What I Think of Bitcoin" in 2021, where he said the following: "Bitcoin looks like a long-duration option on a highly unknown future that I could put an amount of money in that I wouldn't mind losing about 80% of." While disclosing he owns some Bitcoin, the legendary investor still said he strongly preferred gold over Bitcoin. IN SUMMARY: πŸͺ™ Hedge fund icon Ray Dalio hasn't been feeling particularly upbeat about the prospects for America's fiscal situation. πŸͺ™ Ray Dalio thinks investors shouldn't skimp on adding gold or crypto to their portfolios. πŸͺ™ The famed investor is known for his takes on economic and financial risk. πŸͺ™ He sees gold and bitcoin as hedges against the devaluing of fiat currencies. My humble opinion? I agree to a certain extent. Hence I allocate a portion of investments to crypto and gold. About tens of thousands for those curious to know. I bbelieve crypto would be the future and have stakes in BTC, ETH and SOL. @JiaDeName @BABY SPACEROCK @LULU ROCKET @Barcode @icycrystal @nomadic_m @TigerStars @TigerObserver @TigerPicks
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