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The United States, with its cycle of growing debts and debt services, can experience a financial crisis in the coming years.
Ray Dalio, the billionaire investor and founder of Bridgewater Associates, courageously claims an imminent debt crisis and calls it a “potential heart attack.”
In a statement, Dalio argued that once we have reached a point in the cycle where people borrow more money to maintain debts and say holders of bonds that it is risky, it becomes a “debt debt spiral”.
Dalio compares the current debt crisis with a heart attack that waits to happen if the authorities do not offer interventions.
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Insight into the current American debt problem
The insights of Dalio about the current economic landscape and the imminent debt crisis of the country come when the crypto market capitalization drops to $ 2.76 trillion in one day. During the Shake -off of the market this week, the total crypto market capitalization fell by 8%, with Ethereum and Bitcoin Losers leaders by 11% and 8% respectively.
The US is currently confronted with a growing debt and excessive budget deficits. According to recent data, the national debt of the country is now $ 33.6 trillion, with a huge deficit of $ 1.7 trillion in 2023, equal to 5.8% of the total GDP.
Researchers also warn about the increasing costs of the debt maintenance, which affects $ 879 billion in 2023, comparable to the size of the country’s budget for national defense.
Recognize that conflicts are essential for great relationships because they are how people determine whether their principles are tailored to and resolve their differences. pic.twitter.com/mbbpho76MN
– Ray Dalio (@raydalio) February 6, 2018
Dalio says that alternative value can help
In an interview about the opportunities a lot podcastDalio offered insights into how the general public responds to an economic crisis. He said that in times of economic uncertainties, many investors look at alternative value of value.
Dalio asks: What is an alternative to money with a stable stock? He mentioned the growing role of Bitcoin and digital assets as a lever against inflation.
“Recognize that conflicts are essential for large relationships, because they are how people determine whether their principles are tailored to and resolve their differences.” he added.
Dalio’s insights followed the announcement of US President Trump about the proposed American strategic reserve, including top coins such as Bitcoin, Ethereum, Solana, Ripple and Cardano.
Trump’s statement was followed by a peak in crypto prices, with Bitcoin rising to more than $ 90k after visiting $ 80k again.
While Bitcoin’s price rose for the day, the dominance decreased from 55.4% to 50%, which reflects the shift in capital to Altcoins. Historically, a fall in Bitcoin’s dominance catalyzes an Altcoin -Run, which now fascinates a lot on social media.
Is Bitcoin the answer?
Although Ray Dalio Bitcoin was not categorically mentioned as the “potential savior”, his recent statements suggest a favorable vision of the most important digital active. Due to decentralization, Dalio emphasized the potential of the active as a cover against economic uncertainties.
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Unlike traditional assets, governments can take up, Bitcoin and others cryptocurrencies Work further than traditional financial mechanisms, promoting wealth preservation. Dalio also recognized the role of Bitcoin and insisted that earlier economic crises have shown that these assets, while struggling, are still able to retain their values.
Featured image of Business Standard, Graph of TradingView