Ray Dalio Says US Faces ‘Heart-Attack’ In 3 Years As Soaring Debt Weakens Dollar, Calls Crypto An `Attractive Alternative Currency’
Ray Dalio warned that the US could face a debt-induced “heart-attack” within three years as soaring debt weakens the dollar, and called crypto an “attractive alternative currency.” He compared the US’s financial condition to the cumulative toll of years of excesses, like overeating fatty foods and smoking for a lifetime. “The great excesses projected under the new budget will probably trigger a debt-induced heart-attack in the relatively near future — I’d say three years, give or take a year or two,’’ the billionaire investor and Bridgewater Associates founder said in an interview with the Financial Times, later shared on X. “Crypto is now an alternative currency that has its supply limited,” Dalio said. “So, all things being equal, if the supply of dollar money rises and/or the demand for it falls, that would likely make crypto an attractive alternative currency.” He added that most fiat currencies,...
