Ray Dalio, founder of Bridgewater Associates, has shared his insights on the current U.S. fiscal situation and potential global economic challenges, addressing the role of Bitcoin (CRYPTO: BTC) in the process.
What Happened: Dalio weighed in on the U.S. debt crisis and the best assets for preserving wealth in an interview on the All-In podcast.
Dalio highlighted the U.S. fiscal deficit at 7% of GDP—the highest among industrialized nations.
With rising debt levels and uncontrolled spending, investors are looking for alternatives to the dollar.
Between Bitcoin and gold, Dalio favors gold as the superior store of value, citing …
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