Ray Dalio Suggests Long-Term Investment In Bitcoin And Gold

Bitcoin and gold are increasingly in demand by investors as hedges against inflation. (Photo; Doc. Block Publisher)

JAKARTA - The well-known US investor and Bridgewater Associates founder Ray Dalio suggested investing in bitcoin (BTC) and gold compared to debt assets such as bonds. In a speech at Abu Dhabi Finance Week (ADFW) on December 10, 2023, Dalio expressed concern about the potential for an increasingly close global debt crisis.

According to a South China Morning Post report, Dalio said major countries such as the United States and China were facing a significant surge in debt. "I avoid bonds and prefer hard money like gold and bitcoin," Dalio said.

The Harvard Business School dropout added that the five major powers that drive the world are debt, money, economy, natural phenomena, and technology. Under current conditions, bitcoin and gold are considered the best assets to protect wealth from economic turmoil.

Dalio's view of bitcoin transformation is quite interesting. In 2020, he had doubts about this crypto potential as an investment. However, with the value of bitcoin, which has now penetrated 100,000 US dollars (Rp1.6 billion), he sees it as a better choice than debt assets.

Dalio also reminded investors to focus on long-term strategies rather than constantly observing daily price movements. "Long-term thinking and avoid being fixated on small changes every day," added Dalio.

In dealing with global economic uncertainty, Bitcoin and gold are increasingly recognized as a means of maintaining the value of wealth. That way, more and more large investors will also enter these two assets.