Ray Dalio: Expects US Debt to Reach $55–60 Trillion Within a Decade, Recommends Small Bitcoin Allocation

Odaily News: Ray Dalio, founder of Bridgewater Associates, stated that the US debt could reach $55 trillion to $60 trillion over the next 10 years. If the fiscal path remains unchanged, a full-blown debt crisis could occur within about 3 years, with a margin of error of plus or minus 2 years.

Ray Dalio recommends investors allocate 10% to 15% of their funds to gold, along with a small allocation to Bitcoin, while reducing exposure to debt assets such as bonds. He noted that non-government-issued currencies like gold and Bitcoin may perform relatively well.

According to data from the US Treasury Department, as of the end of the business day on August 18, the total public debt balance stood at $40.05 trillion, surpassing $40 trillion for the first time.

On August 19, the US Treasury announced an expansion of its long-term liquidity support repurchase program, increasing the maximum single repurchase size for certain 10-year to 30-year securities from $2 billion to at least $4 billion. The measures take effect from September 9 to November 4. (Bitcoin.com News)