Ray Dalio, director of American billionaire boxes and hedge fund manager, recommended a 15 % portfolio in Bitcoin or gold to improve “the best return to risk” in light of the complex problem of America’s debt and currency.

“[If] The founder of Bridgewateer Associats said during his appearance on The main investor Podcast on Sunday.

Dalio said that he “has some bitcoin, but not much,” and he still “heavily preferred gold over bitcoin.”

Dalio said the exact division between Bitcoin (BTC) and gold are “up to you.” His proposal by 15 % represents a sharp increase in bitcoin customization by 1 % to 2 % recommended in January 2022.

Dalio’s comments were presented in the context of the national debt crisis in America, which rose to 36.7 trillion dollars, according to US Treasury data.

Dalio said during the indication that the case is to reduce the value of money, “noting that the United States government will likely need the treasury secretary of $ 12 trillion over the next year to serve its escalating debts.

The latest report of the US Treasury reflects the Dalio Point

The US Treasury report, issued on Monday, expected another trillion dollars in the new borrowing in the third quarter – $ 453 billion than previously estimated – due to poor cash flows and low reserves.

The Treasury also expects to borrow $ 590 billion in the fourth quarter, which increases the growing debt government’s government to finance budget expenses and exacerbate concerns about its future financial path.

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Dalio pointed out that other western countries – including the United Kingdom – face the same issue “the debt ring” and that its currencies will continue to be weak for hard currencies such as Bitcoin and gold – which he described as “effective diversity.”

Dalio is still skeptical that Bitcoin becomes a backup currency

Despite the call to bitcoin as a wallet diversity, Dalio is still skeptical of its capabilities to serve as a backup. He expressed doubt that any central bank will adopt the cryptocurrency in such a role, pointing to its lack of privacy and the transparent nature of its transactions.

He said: “Governments can know who do what transactions do on it,” which indicates that any possible weaknesses in the Bitcoin law may undermine their effectiveness as alternative funds.

Bitcoin and gold hit their last levels

Bitcoin and Gold are strongly in the current economic climate, reaching its highest levels in recent months.

Bitcoin is currently trading at 118,100 dollars-about 4 % less than its highest level ever on July 14 at $ 123,230, and TradingView data appears while gold has reached new levels several times during the past few months.

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