Billionaire Asset Manager Recommends Putting 15% of a Portfolio in BTC, Gold
Veteran hedge-fund manager Ray Dalio recently advised investors to apportion at least 15% of their portfolios to Bitcoin and gold. Dalio, who was recently hosted by The Master Investor Podcast, explained that macroeconomic risks, particularly those tied to ballooning government debt, hadn’t yet fully reflected in market prices. He explained that the U.S. government was spending over 40% more than it earned and since cutting spending is unlikely, it must rely on the Federal Reserve to print more money in order to issue additional debt. Currently, America’s debt is 6 times the amount of money it rakes in as revenue. …