PANews reported on March 5th that Ray Dalio, the founder of Bridgewater Associates, recently stated that the current global monetary system is based on debt, and governments may cause currency devaluation through inflation or low-interest rate policies. Investors should consider whether there is a relatively stable alternative currency that does not rely on debt. He believes Bitcoin could be one of the candidates and might play an important role in the future, but he emphasized that "money is essentially debt," and a true alternative currency still requires further exploration.
Dalio pointed out that Bitcoin's advantage as a safe-haven asset lies in its high liquidity, unlike real estate, which is fixed in one location and thus harder to tax or confiscate. However, he also stressed the importance of investment diversity and robustness.
When asked about his view on gold, Dalio expressed a more favorable outlook than before but advised investors to exercise restraint. He believes the future is full of uncertainties, and investors need to build a diversified portfolio to cope. He suggested a "prudent" allocation of gold at 10% to 15%, which can provide protection without over-relying on a single asset. He emphasized that reasonable asset allocation is an important strategy to address future uncertainties.
