Dalio Urges Bond Selloff, Gold and Bitcoin as Debt Risks Rise

Billionaire Ray Dalio says investors should underweight bonds and allocate about 10-15% of portfolios to gold, with a smaller allocation to Bitcoin, to hedge against a potential U.S. debt crisis in roughly three years. He advocates broad diversification across assets and countries, notes rising long‑term yields and fiscal strains, and argues that non‑government money like gold and Bitcoin could perform well if deficits persist and currencies weaken. He also calls for reducing the budget deficit toward 3% of GDP through spending cuts, higher revenue, and lower interest costs.