Ray Dalio warns U.S. debt crisis could hit within 3 years, urges BTC and gold buys

Hedge fund billionaire Ray Dalio warned a U.S. debt crisis could arrive within three years and said investors should reduce bond exposure and buy gold and Bitcoin, according to Bloomberg. In a LinkedIn post, Dalio said investors should diversify into countries with strong assets and sound fiscal health. Dalio added that investors should cut bond holdings and allocate about 10% to 15% of positions to gold, while also buying some Bitcoin to hedge risk. Such a strategy can reduce risk while boosting returns, Dalio explained.