Ray Dalio: BTC an attractive alternative to an unstable US dollar

American hedge fund titan Ray Dalio stated on his X account that Bitcoin, as an alternative currency with a limited supply, could become an attractive option if the U.S. dollar supply increases or its demand falls. He noted that most heavily indebted fiat currencies will likely struggle as a store of value, drawing parallels to the economic conditions of the 1930s and 1970s. Dalio also commented on stablecoins, stating that while he does not believe their holdings of U.S. Treasurys will create systemic risk, the real purchasing power of these bonds could decline. However, he added that this issue could be avoided if stablecoins are well-regulated. In late July, Dalio also recommended allocating at least 15% of a portfolio to gold and Bitcoin to hedge against macroeconomic risks.