Billionaire Investor Ray Dalio Outlines Looming Threat to US Dollar – Here’s Why He’s Not Buying Bitcoin

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Ray Dalio, the founder of the world’s largest hedge fund company – Bridgewater Associates is warning about the US dollar’s future. They can decline and face great crises as the empires of the past.

The three main issues that threaten the US and the US dollar, according to Dalio in an interview with MarketWatch: money and credit cycle problem, a wealth and values gap problem, and the emerging power of China.

He said that the best way to solve this problem is for the US to be mass restructured:

“But if we don’t do this engineering well, we’re going to spend in an unlimited way and deal with that by creating debt that won’t ever be paid back, and we will risk losing the reserve currency status of the dollar.”

Despite the doubts about the future of the dollar, Dalio is still not optimistic about Bitcoin. He warned against the BTC in an interview at the World Economic Forum in Davos, Switzerland, saying it doesn’t serve the two primary capital purposes.

“There’s two purposes of money, a medium of exchange and a store hold of wealth, and bitcoin is not effective in either of those cases now.”

On gold, Dalio is much more bullish and assumes that the precious metal might act as a buffer against a possible downfall of the dollar.

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