Bridgwater’s Ray Dalio: invest in gold and bitcoin rather than debt assets

Quick Summary:

Indebtedness in the US, China and most major countries has increased at unprecedented levels’ and will not be sustainable, he says.

The other forces include countries’ internal political order, driven by wealth and value gaps, and external geopolitical order, stemming from power conflicts such as US-China tensions.

Bitcoin surged past US$100,000 for the first time last week amid US president-elect Donald Trump’s welcoming rhetoric towards the digital asset.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongChinaGermanyUnited Arab Emirates

Topics: Debt Indebtedness Assets “i Gold Tensions Dalio Money Major Bitcoin Geopolitical

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 18:30:14 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 260 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24320452

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