PANews reported on March 5 that Ray Dalio, founder of Bridgewater Associates, recently said that the current global monetary system is based on debt, and governments may cause the depreciation of their currencies through inflation or low interest rate policies. Investors should think about whether there is an alternative currency that is not dependent on debt and is relatively stable. He believes that Bitcoin may be one of the candidates and may even play an important role in the future, but emphasizes that "currency is essentially debt" and the real alternative currency still needs further discussion.
Dalio pointed out that the advantage of Bitcoin as a safe-haven asset is that it is highly liquid and, unlike real estate, is not fixed to a certain place, making it more difficult to tax or confiscate. However, he also emphasized that investment diversity and robustness are more important.
When asked about his views on gold, Dalio said he is more optimistic about gold than before, but advised investors to remain restrained. He believes that the future is full of uncertainty and investors need to build a diversified investment portfolio to cope with it. He recommends a "prudent" gold allocation ratio of 10% to 15%, which can both play a protective role and avoid over-reliance on a single asset. He emphasized that reasonable asset allocation is an important strategy to deal with future uncertainties.
