Ray Dalio leaves Bridgewater after debt warning, supporting BTC

Billionaire investor Ray Dalio declared his last farewell to Bridgewater Associates, a giant of hedge funds he founded 50 years ago.

Dalio sold his last participation in Bridgewater and left his board of directors, the Wall Street Journal reported on Thursday.

After buying Dalio shares, Bridgewater would have issued new shares to the Brunei sovereign fund in an agreement of several billion dollars which brought him a participation of almost 20% in the company.

Dalio went to X Thursday to say that he was delighted to go Bridgewater to the next generation, saying: “I love to see Bridgewater living and good without me – even better than alive and well with me.”

Dalio predicts “worse than a recession” to come

The last sale of Dalio Bridgewater marks the last chapter of his trip to the company he founded in a two -room apartment in 1975. The 75 -year -old billionaire resigned from his post as CEO of Bridgewater in 2017, then left the president by the end of 2021.

Known for having succeeded in predicting the economic crisis of 2008, Dalio has repeatedly planned more collapses, predicting a world debt crisis in late 2024.

“When a country is overloaded with debt, the favorite path is to reduce rates and devalue the currency, so it is worth betting that this is exactly what will happen,” said the veteran investor in a Post X last Wednesday.

He also predicted that the American economy was likely to face an “economic heart attack” if the government does not reduce the budget deficit to 3% of GDP.

Dalio Ups Alloculation Tips for Bitcoin and Gold

While expecting more economic challenges in the midst of reluctance and unsustainable commercial imbalances, also increasing by the Trump administration’s pricing disturbances, Dalio has repeatedly recommended Bitcoin (BTC) and gold as a major tools to hide against crises.

At the end of July, he recommended investors to allocate up to 15% to Bitcoin or Gold to optimize the “best risk -at risk”, considerably increasing his previous advice to invest up to 2%.

In relation: Bulgaria has gathe a debt of 25 billion dollars by selling Bitcoin in 2018

“I believe that bitcoin is hell of an invention,” wrote Dalio in his essay “what I think of Bitcoin” in 2021, where he said what follows:

“Bitcoin looks like a long -term option on a very unknown future that I could put a sum of money in that it would not bother me to lose around 80%.”

While revealing that he has a little bitcoin, the legendary investor has always said that he strongly preferred gold to Bitcoin.

Critics of the dark perspectives of Dalio

Although Dalio has acquired the reputation of a market oracle after predicting the 2008 crisis, many of its other economic forecasts aroused notable criticism.

In 1982, Dalio predicted that the world economy was heading for a depression, which turned out to be false, causing massive losses in Bridgewater. Dalio later admitted that he was “wrong” both in his forecasts and in the commercial strategy that followed, revealing that his bad judgment almost bankrupt the company.

While Dalio warns that the United States could be the next country to go bankrupt, skeptics highlight more and more defects in the history of its economic predictions, such as generation on generation, confirmation and lack of temporal clarity.