Billionaire Ray Dalio, founder of Bridgewater Associates, expressed serious concerns about the financial situation in the US associated with rising national debt.
Crisis Due to US Debt
Dalio argues that a crisis may soon occur in the US due to rising debt, which he described as a 'heart-attack', predicting that the scenario could materialize in three years. He attributes this situation to years of economic excess and increasing expenditures.
Cryptocurrency as an Alternative
Dalio also highlighted that cryptocurrency is becoming an 'attractive alternative' for storing value due to its limited supply. He believes that if the demand for traditional currencies decreases, interest in cryptocurrencies will grow.
State of National Debt
The US national debt has surpassed $37 trillion for the first time. Dalio emphasizes that current government spending may lead to a crisis, as interest payments on debt already amount to around one trillion dollars a year, creating pressure on the economic system.
Ray Dalio warns of serious economic consequences from rising government debt in the US and draws attention to cryptocurrency as one alternative for investors.
